Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas following a long-awaited bailout deal for Greece, also supported the rupee, forex dealers said.
The rupee had lost 22 paise to end at 55.73 against the US dollar in yesterday's trade due to sustained demand for the American currency from importers and banks.
Meanwhile, the BSE benchmark Sensex rose further by 110.98 points, or 0.60 per cent, to 18.647.99 in early trade today.
