Reuters Market Eye - The rupee is trading at 54.87/88 versus its close of 54.80/81 on Friday, tracking broad gains in the dollar versus majors and other Asian currencies.
Traders expect the pair to move in a 54.75 to 55.15 range during the session with exporters expected to step in above 55.05 levels.
Traders to watch the April consumer price inflation data due around 11 a.m. for cues on the likely course of monetary policy action, a day ahead of the headline inflation number.
The monthly trade data due around 12:30 p.m. will also be key for direction later in the session, traders say.
Asian shares ease with sentiment hit by selling in commodities triggered by a strong dollar, which rises to a fresh 4-1/2-year peak against the yen on the back of growing confidence in the U.S. economy.
All Asian currencies trading weaker compared with the dollar.
(Reporting by Swati Bhat)
