Forex dealers said euro's gains against the US dollar in the overseas market also supported the rupee.
Mumbai: Extending its gains for the third day, the rupee on Tuesday strengthened by 12 paise to 61.95 against the US dollar in early trade on the Interbank Foreign Exchange market on increased foreign fund inflows amid a higher opening in the domestic equity market.
Forex dealers said euro's gains against the US dollar in the overseas market also supported the rupee. The domestic currency had gained five paise to close at 62.07 in Tuesday 's trade amid a rise in stock markets.
Meanwhile, the 30-share BSE Sensex rose 96.90 points, or 0.47 per cent, to 20,908.34 in the early trade today.
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