Mumbai: The rupee advanced by 11 paise to 64.85 against the dollar at the interbank forex market on Thursday on increased selling of the US currency by exporters and banks. A weak dollar against other currencies overseas supported the rupee gains.
Stocks markets opening with gains also bolstered the domestic currency, a dealer said.
On Wednesday, the rupee had staged a mild recovery after a two-session fall and ended higher by 7 paise at 64.96 against the US currency.
The benchmark BSE Sensex rebounded by 244.99 points, or 0.73 per cent, to 33,463.80 in opening trade.