Rupee rises after March retail inflation slows

The rupee rises after March retail inflation slows, adding to hopes of a rate cut at the May 3 review, say dealers. The pair is at 54.43/44 after rising to 54.53 in earlier trade, previous close of 54.52/53.

"The market is moving as per demand and supply. Flows are broadly matched," says a private bank dealer.

India's industrial production growth slowed to 0.6 per cent in February from a year earlier, government data showed on Friday.

India's annual consumer price inflation slowed to 10.39 per cent in March from the previous month, government data showed on Friday.

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