Reuters Market Eye - The rupee higher in early trades, tracking gains in regional FX. The pair is at 54.12/13 versus Thursday close of 54.355/365.
A private bank dealer says the pair will largely be flow-driven, tips a 53.95-54.35 band for the session.
The pair continues to be supported at 54.01, which is the 50 percent Fibonacci retracement of the 52.87 (Feb 6)- 55.15 (March 4) rally. The next support is at 53.95, charts show.
The rally in the U.S. dollar took a breather on Friday as the sterling enjoyed a short squeeze, while the Australian dollar made the most of a barnstorming employment report at home.
The government will sell stake in National Aluminium Company on Friday to garner about $185 million.
(Reporting by Subhadip Sircar)
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