Besides, a higher opening in the equity market and euro's gains against the US currency overseas also supported the local unit, forex dealers said.
Meanwhile, the BSE benchmark Sensex rose marginally by 10.41 points, or 0.05 per cent, to 18,803.85.
The rupee had gained 37 paise to close at 53.47 in yesterday's trade on fresh selling of dollars from banks and exporters amid FII inflows worth USD 45 million.