On Tuesday, the rupee gained 26 paise to 53.91 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters ahead of the Reserve Bank policy review.
According to the Forex dealers, strengthening of euro against the dollar overseas on easing fears about a controversial bailout for Cyprus and a higher opening in the domestic equity market, also supported the rupee.
Moreover, on Monday the local currency had lost 16 paise to close at 54.17 due to fresh dollar demand from importers and some banks.
(AW:Samrat Biswas)
