The rupee on Thursday hit fresh one-month high by gaining 30 paise to 61.75 against the dollar in early trade at the Interbank Foreign Exchange market following increased selling of the US currency by exporters, amid sustained foreign capital inflows.
Strengthening of other currencies against the dollar overseas and a higher opening in the domestic equity market also supported the local currency, forex dealers said.
The rupee had gained 31 paise to close at one-month high of 62.05 against the dollar in Wednesday's trade.
Meanwhile, the benchmark BSE Sensex regained 21,000 level by surging 439.55 points, or 2.12 per cent, to trade at 21,148.26 in opening trade on Thursday.