Rupee rises to day's high on positive exports

The rupee rises after exports show a pick-up; pair at 54.34/35, off 54.52 intraday high, vs 54.285/295 Friday close.

February exports up 4.25%, with positive trend in exports likely to continue.

"There is greater comfort on current account deficit given the dilution in headwinds from external sector," says a senior dealer with a private bank.

The risk for rupee at this stage is from RBI's hawkish guidance on monetary policy and general dollar strength against major currencies, dealer adds.