The rupee was trading strong at 64.29 in the evening session on sustained selling of the American currency by exporters and banks.
Besides, a firm domestic equity market and fresh bout of foreign fund inflows kept the domestic unit in high spirits, forex dealers said.
However, the dollar’s recovery against some currencies overseas on a strong US jobs report restricted the rupee’s upmove.
The domestic unit opened strong by 13 paise at 64.25 at the Interbank Foreign Exchange market today.
It hovered in a range of 64.29 and 64.19 before quoting at 64.29, up 9 paise at 4.05 pm local time.
On Friday, the rupee plunged 20 paise to end at a fresh two-week low of 64.38 against the US dollar as a massive fall in local equities amid heightened global volatility took a toll on the currency market.
Meanwhile, the benchmark BSE Sensex ended higher by 67.35 points or 0.23 per cent at 29,926.15.