Forex dealers said a higher opening in the domestic equity market and strengthening of the euro against the US dollar overseas also supported the rupee.
The rupee appreciated by 38 paise -- its biggest single-day rise in seven weeks -- to close at 58.69 in yesterday's trade on optimism that the budget next week would have strong measures to put finances and the economy back on track.
Little tax relief on the cards this Budget
Rupee rises most in 7 weeks, ends at 59.69 on budget hopes
Rupee up 7 paise against dollar in early trade
Rupee up 4 paise against dollar in early trade
Rupee up 4 paise against dollar in early trade