The rupee rose by 10 paise to 55.42 against the American dollar in early trade on Monday at the Interbank Foreign Exchange on dollar selling by exporters and some banks.The forex dealers said, besides, steady euro against the American unit and a higher opening in the domestic equity market supported the rupee . The rupee had edged up by 11 paise to close at 55.52 against the dollar in the previous session on Friday amid a weak trend in the American currency in overseas markets.