Rupee rose by 8 paise to 66.49 against the US dollar in early trade on continued selling of the American currency by banks and exporters. Extending its rising streak for the third day.
Forex dealers said "besides sustained selling of the greenback by banks and exporters, the dollar's weakness against other currencies overseas as investors await Federal Reserve".
However, a weak trend in early trade in the domestic equity market capped the gains, they added. In yesterday trade the local currency had gained 7 paise to close at 66.57.
Meanwhile, in the early trade the benchmark BSE Sensex fell 48.84 points, or 0.19%, to 24,917.56.