Forex dealers said weakening of the dollar against other currencies overseas, following disappointing economic data and a higher opening in the domestic equity market, supported the rupee.
Besides, easing of global crude oil prices was another positive factor, they said.
The domestic currency had lost two paise to close at 60.14 against the dollar in yesterday's trade amid weak local equities and demand for the US currency from importers.
Here's a quick-fix that can help India recover from the lows
Rupee up 3 paise against USD in early trade
Rupee down 19 paise against US dollar in early trade
Rupee eases two paise vs US dollar to end at 60.20
Rupee down 18 paise vs dollar in early trade