Reuters Market Eye - The rupee higher in opening trades, tracking gains in Asian FX, positive regional stocks. The pair is at 54.26/27 versus last close at 54.41/42.
Private dealer says good selling interest seen with likely trading range in 54.05-54.45 band for the session.
January factory data likely to show 1.2 percent growth, Reuters poll says. (Read full preview https://bsmedia.business-standard.comin.reuters.com/article/2013/03/12/india-factory-output-january-idINDEE92B02B20130312)
Euro's recovery from Friday's slide also helping INR.
Share sales inflows will be watched with National Aluminium Co likely to fetch $260 million for the government later this week.
Financial Express reports the government may raise foreign fund limit in debt to $100 billion, a move if happens will be INR positive.
(Reporting by Subhadip Sircar)