The local currency had shed two paise to close at over one-month low of 60.30 per dollar on Monday on fag-end demand for the American currency from banks and importers.
Dealers said besides dollar selling by exporters, gains in other currencies against the American unit overseas and a higher opening in the domestic equity market supported the rupee.
Meanwhile, the benchmark BSE index Sensex rose by 119.33 points, or 0.46 percent, to 25,834.50 in morning trade on Tuesday.

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