 "Rupee higher; factory output data eyed")
The rupee was higher in opening trades, tracking gains in Asian FX, positive regional stocks. It was quoted at 54.26/27 versus last close at 54.41/42.
A private dealer said good selling interest was seen and likely trading range was between 54.05-54.45 band for the session.
Euro's recovery from Friday's slide also helped the rupee.
Share sales inflows will be watched with National Aluminium Co likely to fetch $260 million for the government later this week.
Financial Express reported that the government may raise foreign fund limit in debt to $100 billion, a move if it happens will be positive for the rupee.