Mumbai: The rupee rose by 11 paise to 53.36 against the US dollar in early trade at the Interbank Foreign Exchange on Tuesday on continued selling of the American currency by exporters and banks.
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.
First Published: Tuesday, October 23, 2012, 10:03