Rupee at day's low at 55.29/dollar

Japanese bank selling $270-$300 million weighs on the currency

The rupee falls more, hovering near day's lows at 55.29/30 versus 55.39/40 last close.

Three dealers said a Japanese bank sold $270-$300 million, pulling down pair.

Dealers say inflows likely on account of Steel Authority of India, Japan's Kobe Steel joint venture to set up plant in West Bengal.