The Rupee recouped sharply by 24 paise to 64 against the US Dollar in early trade on Tuesday on increased selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.
Forex dealers said weakness in the Dollar against other currencies overseas supported the Rupee.
Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.
On April 28, the domestic unit ended lower by 8 paise at 64.24 a Dollar on sustained month-end demand for the US currency from importers and banks.
Forex market remained closed on May 1 on account of "Maharashtra Day".
Meanwhile, the benchmark BSE Sensex rose 134.33 points, or 0.44 per cent, to 30,052.73 in early session on Tuesday.