Indian Rupee opens higher; gains 17 paise

The Indian rupee gained 17 paise in the opening trade at 54.34 per dollar versus 54.51 Wednesday.

The euro rose to 1.31 to the dollar. The dollar index slipped to 82.20 levels.

Himanshu Arora, Religare said, "The rupee is likely to trade weak today. February IIP, which is expected to come in at -1.5 percent could be a dampener for the rupee. Also expectation that the Fed may end its bond buying program may underpin the dollar against rupee. The range for the day is seen between 54.40-54.80 per USD."

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