The rupee strengthened by three paise to 62.67 against the US dollar at the Interbank Foreign Exchange in early trade today on sustained selling of the Greenback by exporters.

Besides, early gains in domestic equity markets and the dollar’s weakness against other major currencies overseas also helped the rupee to log gains, forex dealers said.

The rupee had closed 11 paise higher against the American currency to 62.70 yesterday amid a good show by stocks and on selling of dollars by banks and exporters.

Meanwhile, the benchmark BSE Sensex rose by 70.59 points, or 0.24%, to 28,806.97 in early trade today.