The rupee on Wednesday rose by 14 paise to 54.44 against the dollar at the Interbank Foreign Exchange market on selling of the US currency by exporters and banks.
Forex dealers said a higher opening in the domestic equity market and strengthening of the euro and yen against the dollar overseas, supported the rupee.
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The rupee had weakened by two paise to close at 54.58 on Tuesday on renewed demand for the US currency from importers and continued capital outflows.
Meanwhile, the BSE benchmark index Sensex recovered by 93.40 points, or 0.51%, to 18,319.88 in early trade on Wednesday.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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