The rupee rose by 31 paise to 62 rupees 15 paise in early trade as the dollar weakened against other major overseas currencies. Higher opening in the domestic equity market also supported the rupee. The rupee had gained 14 paise to close at 62 rupees 46 paise against the dollar in the previous session on Tuesday.The sensex rose by 156.43 points to 19,673.58 in early trade.