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The rupee is trading at 60.99/61.00 versus Tuesday's 60.94/95 close.
The rupee is trading off session low of 61.05 on custodian bank dollar sales.
Traders say demand from oil firms is limiting the rupee's rise.
Asian currencies are trading mixed versus the dollar.
Traders say the pair is likely to hold in 60.90-61.20 range.
Share movements will be watched for cues on fund flows. Nifty is trading is down 0.2%.
