Robust foreign fund inflows supported the rupee but weakness in domestic equities in early trade capped the gains.
Mumbai: The rupee gained 13 paise to trade at fresh 21-month high of 63.98 against the dollar in early trade on Thursday at the Interbank Foreign Exchange amid sustained selling of the greenback by exporters and banks.
Forex dealers said that apart from weakness in the dollar against other currencies overseas, robust foreign fund inflows supported the rupee but weakness in domestic equities in early trade capped the gains.
Yesterday, in line with a spectacular rally in equities, the rupee had surged by 15 paise to close at a near 21-month high of 64.11, energised by positive global cues.
This was the highest closing for the rupee since August 2015.
Meanwhile, the benchmark BSE Sensex fell hy 32.44 points, or 0.11 percent, to quote at 30,100.91 in early trade today.