Reuters Market Eye - The rupee opens higher. The pair is at 54.97/98 versus its last close at 55.10/11.
The pair may trade in a 54.80-55.10 band for the session, says a senior dealer with a state-run bank.
Selling from exporters to continue keeping the rupee biased towards gains, adds the dealer.
Asian currencies trading firmer compared with the dollar.
Month-end dollar demand will be watched, with the pair to take direction from stock moves.
The dollar edged up against the yen on Tuesday after Japan's economy minister clarified earlier remarks about the yen's weakness that had toppled the greenback from a 4-1/2 year high in the previous session.
(Reporting by Subhadip Sircar)
