The rupee trimmed losses to 55.12/13 versus the near two-and-half month low of 55.37 reached earlier in the day and 55.0950/1050 at close on Tuesday. Traders said that some custodian bank dollar sales in late equity-market trade hurt the pair. Domestic shares closed up 0.7 per cent on Wednesday. Dollar demand from oil firms, however, prevented a further fall. The pair is expected to hold in a 55.05 to 55.25 range in the last hour of trade.

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