Rupee trades little changed at 54.79/80 versus its previous close of 54.78/79, after a mildly weaker start as a lower start to the domestic share market offsets the dollar's global weakness.
The dollar moved away from a fresh 4-1/2 year high against the yen hit in the previous session after disappointing US industrial data caused US Treasury prices to rise for the first time in a week, while the euro wobbled near a six-week low.
Almost all Asian currencies trading mildly stronger compared with the dollar.
The pair is seen moving in a 54.70 to 54.95 range early in the session.
Traders to monitor domestic shares for cues on foreign fund flows. Local shares trading down 0.2 percent in pre-open trade.
Source : moneycontrol.com