The rupee gained 9 paise to 63.91 against the dollar in early trade at the Interbank Foreign Exchange market after the American currency weakened overseas due to disappointing retail sales report.
Besides, increased selling of the US dollar by exporters supported the rupee, but a lower opening in the domestic equity market capped the gains, forex dealers said.
The rupee had ended higher by 17 paise at 64 against the greenback in yesterday’s trade due to fag-end selling of dollar by banks and exporters on the back of strong recovery in the equity market.
Meanwhile, the benchmark BSE Sensex fell 302.48 points or 1.1 per cent to 26,981.49 in early trade.
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