Dealers said a higher opening in the equity market and strengthening of euro against the dollar supported the rupee.
The rupee had lost 22 paise to close at one-week low of 54.99 against the dollar in yesterday's trade due to month-end demand for the American currency.
Meanwhile, the BSE benchmark index Sensex rose by 132.22 points, or 0.68 per cent, to 19,558.93 in early trade today.
