Rupee bounces off the day's lows and currently trading marginally weaker at 54.35/36 versus Tuesday's 54.37/38 as custodian banks sell the greenback but losses in the domestic sharemarket are likely to put a floor to the downside.
Domestic shares trading down 0.5 per cent.
Traders expect the pair to hold in a 54.25 to 54.55 range in rest of the session.
