The rupee recovered by seven paise to 62.86 against the dollar in early trade today at the Interbank Foreign Exchange market on selling of the US currency by exporters. Forex dealers said, besides, a higher opening in the domestic equity market supported the rupee but weakening euro and yen against the American currency, capped the gains. Meanwhile, the BSE benchmark Sensex rose by about 109 points, to 20,337.96.