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Aug 09, 2012, 09.44 AM IST
Rupee opens higher tracking gains in risk assets in Asian trade. Pair at 55.21-55.22 versus 55.42-55.43 Wednesday local close.
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.
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