Rupee falls tracking weak regional sentiment, WPI eyed

The rupee fell to 54.74/75 versus its previous close of 54.52/53, tracking lower regional shares as weaker-than-expected US and Chinese data raised concerns about the global economic outlook.

The pair is seen moving in a 54.65 to 54.85 range until the inflation data, due around 11.30 am, has been announced.

Most Asian currencies, however, are trading mildly stronger compared to the dollar and may limit the dollar upside.

Wholesale price inflation (WPI) data will be key in setting expectations ahead of the Reserve Bank of India's May 3 policy review. The WPI is expected to have risen an annual 6.40 per cent in March, a Reuters poll showed.