Reuters Market Eye - The rupee still up in a trading day that has seen 54.21-54.40 range so far. Pair at 54.29/30, off 54.21 lows, vs 54.41/42 last close.
USD/INR recouped from lows after high CPI pared some rate cut hopes.
The euro also struggled against a broadly firmer dollar, weighed down by political uncertainty in Italy and the contrast between a brightening U.S. economic outlook and faltering growth in the euro zone.
Most respondents in a RBI poll expect the RBI to cut repo rate by 25 bps on March 19.
(Reporting by Subhadip Sircar)