The rupee is at day's high with foreign banks selling, says dealer. The pair is at 54.115/13, 54.26 intraday high, against its previous close of 54.38/39.
"If the 54.14-54.16 support area is broken conclusively, we should see 54-54.05 intraday," says a private bank dealer.
Dealers also watching inflows from Jet Airways stake sale to Etihad.
Ambitious Gulf carrier Etihad Airways is taking almost a quarter stake in Jet Airways , giving it a bigger foothold in the fast-growing Indian market. & The euro bounced back against the dollar and yen in Asian trading on Thursday, as investors covered some short positions taken in the wake of disappointing German data.