The rupee edged higher by 5 paise to 66.39 against the US dollar in early trade on Thursday after exporters and banks stepped up selling of the US currency amid sustained foreign fund inflows.

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Forex dealers said weakness in the US dollar against a few currencies overseas gave some boost to the rupee.

Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.

On Wednesday, the rupee had gained 8 paise to close at 66.44.

Meanwhile, the benchmark Bombay Stock Exchange's (BSE) Sensex rose 36.42 points, or 0.13%, to 26,100.54 in early trade on Thursday.