Reuters Market Eye - The rupee falls to 54.74/75 versus its previous close of 54.52/53, tracking lower regional shares as weaker-than-expected U.S. and Chinese data raises concerns about the global economic outlook.
The pair is seen moving in a 54.65 to 54.85 range until the inflation data due around 11.30 a.m.
Most Asian currencies, however, trading mildly stronger compared to the dollar and may limit the dollar upside.
Wholesale price inflation data will be key in setting expectations ahead of the RBI's May 3 policy review. WPI is expected to have risen an annual 6.40 percent in March, a Reuters poll showed.
(Reporting by Swati Bhat)
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