In early trade on increased selling of the dollar by exporters and banks the value trade higher by 8 paise to 63.94 against the US dollar.
According to the Currency traders said, "weakness in the dollar against major world currencies overseas supported the rupee."
"A higher opening in the domestic equity market gave the uptrend some momentum", they added.
However, the benchmark BSE Sensex increased by 193.39 pts in early session today.
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