Reuters Market Eye - The rupee trading at 54.89/90, down slightly from its previous close of 54.88/89, but off a session low at 55.08.
Dollar sales from foreign banks as well as an estimated $100 million sold from a large gas transmission and marketing company pulling USD/INR off session high.
Traders attribute sales to bunched up dollar inflows after markets were closed on Tuesday and Wednesday.
However, importers are expected to buy dollars around 54.90-95 levels, preventing any further losses in the pair.
Traders expect the pair to hold in a 54.90 to 55.15 band in rest of the session.
The Sensex trading down around 0.8 percent. (Read here)
