Mumbai: The Indian rupee was trading higher at 54.50/51 versus its previous close of 54.68/69, tracking gains in the euro versus the greenback, while positive local shares also boosted sentiment.
Sentiment was also broadly positive ahead of the crucial vote on foreign direct investment (FDI) in multi-brand retail in Parliament due later in the day.
Traders expect 54.25 levels to be tested during the day, with the rupee likely to break below 54 if FDI in retail gets Parliament nod.
