170-172 paise from Monday's close of 169-170-1/2 paise.
Far-forward contracts maturing in November also firmed up to 318-1/2-320-1/2 paise from 316-1/2-318 paise. The RBI has fixed the reference rate for the US dollar at 54.3160 and for euro at 70.3615.
The rupee recovered against the pound sterling to 87.25 from last close of 87.41 and also bounced back against the Japanese yen to 65.81 per 100 yen from 66.29.
It, however, fell back slightly against the euro to 70.40 from previous close of 70.34.