Rupee higher; debt limit auction eyed

Reuters Market Eye - The rupee was higher on talk of debt auction limit related inflows, euro gains, say dealers. The pair is at 54.11/13 after rising to 53.95, 54.185/195 last close.

Indian markets regulator to auction $11.3 billion debt limits for foreigners on Wednesday, which will include $10 billion of new limits.

The yen edged higher versus the dollar on Wednesday due to uncertainty over how aggressively Japan will ease monetary policy following signs of a rift among Japanese officials over the strategy.

Pair has support at 54.04 with the next major support at 53.80-85, which is unlikely to be breached in session. Resistance at 54.40-50 with slightly offered tone as the stock market is showing better performance.

(Reporting by Subhadip Sircar)