The rupee strengthened by 13 paise to 59.60 against the dollar in early trade on Friday at the Interbank Foreign Exchange market on increased selling of the American currency by exporters and banks.

Besides, a higher opening in the domestic equity market also supported the rupee, but dollar’s gains against other currencies overseas on a strong U.S. jobs reports capped the rise, forex dealers said.

The rupee after surging to three-week highs, lost 4 paise to close at 59.73 against the dollar in Thursday’s trade on weakness in local stocks and persistent demand for the American currency from importers.

More In: Markets | Business