The rupee extended gains to 54.95/96 versus its previous close of 55.1650/1750 on the back of dollar inflows with some custodian banks, traders say. Domestic shares, however, were trading up 0.3 per cent. Traders do not see more downside for the pair on the back of a choppy share market. The pair is expected to hold in a 54.85 to 55.10 range for the rest of the session.

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