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The rupee rose by 10 paise to trade at 62.41 against the US dollar in afternoon trade today at Interbank Foreign Exchange after the greenback weakened overseas due to disappointing American retail sales data.
The rupee moved between 62.38 and 62.44 during the day.
The rupee had lost 20 paise to close at over one-week low of 62.51 against the American currency on Monday following sustained dollar demand from importers amid strong overseas cues. Forex markets were closed on Tuesday for Ambedkar Jayanti.
Forex dealers said besides increased selling of the US dollar by exporters, a higher opening in the domestic equity market, supported the rupee.
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