Reuters Market Eye - The rupee is trading higher at 54.50/51 versus its previous close of 54.68/69, as losses in the greenback versus the euro and some other Asian currencies and positive local shares helped.
Sentiment was also broadly positive ahead of the crucial vote on foreign direct investment in multi-brand retail in parliament due later in the day.
Traders to watch the domestic sharemarket moves for direction during the day. Nifty rises above 5,900 points in pre-open trade for the first time since April 25, 2011.
Traders expect 54.25 levels to be tested during the day with the pair likely to break below 54 if FDI in retail gets parliament nod.
