The rupee extended losses beyond 55.50 and is on way to stretching losses for a fourth session. The Indian currency was trading at 55.50/51 after falling to 55.56 versus Tuesday's close of 55.41/42. Dealers said a large private refiner, which was seen in late session on Tuesday, was seen buying dollars again. A state-run dealer said the pair may see 55.70 during the session, though 55.60 may provide some immediate support to Indian currency.

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