The rupee is trading at 61.50/51 versus Wednesday's close of 61.4925/5000.
Retail inflation slowed to 5.52% in October from a multi-year low of 6.46% a month earlier.
Industrial production in September grew 2.5%, its fastest in three months.
Dollar rally was stalled ahead of key Chinese and US data.
Inflows into the debt market may help the rupee later in the day, traders say.
Traders see the pair in a 61.35 to 61.65 range during the session.
