Rupee rallies, rises 13 paise

The rupee on Tuesday gained 13 paise to close at 61.89 against the dollar on selling of the US currency by exporters and banks even as stock markets fell.

Dollar selling by exporters and some banks for the second day in a row amid sustained capital inflows supported the rupee even as the American currency gained in global markets, dealers said.

At the forex market, the local unit commenced better at 61.99 a dollar from previous close of 62.02.