Reuters Market Eye - The rupee rises after March retail inflation slows, adding to hopes of a rate cut at the May 3 review, say dealers. The pair is at 54.43/44 after rising to 54.53 in earlier trade, previous close of 54.52/53.
"The market is moving as per demand and supply. Flows are broadly matched," says a private bank dealer.
India's industrial production growth slowed to 0.6 percent in February from a year earlier, government data showed on Friday. (Read full story http://in.reuters.com/article/2013/04/12/india-factory-output-idINDEE93B03720130412)
India's annual consumer price inflation slowed to 10.39 percent in March from the previous month, government data showed on Friday.
(Reporting by Subhadip Sircar)
