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However, the dollar`s rise against other major currency rivals capped the rupee gains.
The rupee had appreciated by 5 paise to close at Rs 44.78/79 against the US currency in yesterday`s trade amid bullish local equity markets and easing crude oil prices.
Forex dealers said a higher opening in the stock market helped the rupee gain some ground, but the dollar`s strength against other currencies limited the gains.
Meanwhile, the Bombay Stock Exchange Sensex was up by 152.80 points, or 0.79 per cent, at 19,273.60 in opening trade today.