The rupee appreciated by three paise to 62.67 against the Greenback at the Inter bank Foreign Exchange (Forex) market in early trade on Wednesday on sustained selling of the US dollar by exporters.
Besides, early gains in local equities and the dollar's weakness against other major currencies overseas also helped the rupee to log gains, Forex dealers said.
The local unit had closed 11 paise higher against the American currency, at 62.70 on Tuesday amid a good show by stocks and on selling of dollars by banks and exporters.
Meanwhile, the benchmark Bombay Stock Exchange (BSE) index Sensex rose by 70.59 points (or 0.24 per cent), to 28,806.97 in early trade on Wednesday.
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