The rupee strengthened by 11 paise to 64.91 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the U.S. currency by exporters and banks.
Forex dealers said weakness in the dollar against a few currencies overseas as attention turned to who would be the next head of the U.S. central bank, gave some support to the rupee.
Early gains in domestic stocks influenced the rupee uptrend, they added.
On October 23, the rupee had ended marginally higher by 2 paise at 65.02 a dollar on fresh selling of the American currency by banks and exporters coupled with firm local equities.
Meanwhile, the benchmark BSE Sensex rose 156.24 points, or 0.48%, to 32,662.96 in early trade.
