INR falls on offshore cue

USD/INR lower on offshore lead, while Thursday's large outflows aren't expected to repeat; watch is on industrial output data later, says trader with private bank. Pair at 45.47 vs 45.62 late Thursday; "expect a range-bound session." Adds heavy USD buying spotted yesterday from large UK bank, large German bank could have been related to M&A-related activity, but these flows set to fade. Tips 45.35-45.65 band.