Rupee higher; factory output data eyed

Gains in Asian FX, positive regional stocks helps rupee

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.