The rupee appreciated by 18 paise to 62.32 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market on selling of the U.S. currency by exporters.

Besides, a higher opening in the domestic equity market also supported the rupee. The rupee had close steady at 62.50 against the dollar on Tuesday.

Meanwhile, the BSE benchmark Sensex rose by 33.91 points, or 0.17 per cent, to 20,458.93.

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