The Indian Rupee opened higher against the US dollar tracking gains in risk assets in Asian trade.
The currency is now trading at 55.21/22 levels against the dollar as against 55.42/43 on Wednesday.
Traders will watch for June factory data at 11 a.m., which, if throws up a positive surprise, may lead to rupee gains on back of a stock rally.
India's industrial output grew at a slower pace in June, hobbled by weak investment at home because of policy inaction and a drop in export orders from the United States and Europe, a Reuters polls showed on Tuesday.
Dealers will also watch for oil-related USD demand which has been consistent in the last few sessions.
Copyright @ Thomson Reuters 2012
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