Reuters Market Eye - Rupee fell slightly to 54.4250/4300, tracking a lower euro in early trade. Bunched up dollar inflows following a local holiday on Wednesday could push the rupee higher a little later.
The rupee is expected to be volatile in the day and trade in a wide range of 54.30-54.60 to the dollar due to fiscal year-end position adjustment by banks and corporates, one dealer at a private bank said.
The rupee had closed at 54.365/375 per dollar on Tuesday.
The euro languished at four-month lows on Thursday, having suffered a further setback as a rise in Italy's funding costs weighed on markets already worried about the ramifications of Cyprus' controversial rescue deal.
(Reporting by Suvashree Dey Choudhury)
