Rupee off highs tracking weak domestic shares

The rupee trades at 55.48/49 versus its previous close of 55.53/54 and off the session high of 55.37 as losses in domestic shares hurt.

The euro's gains versus the dollar, however, prevent a further upside for the pair.

The Sensex trading down 0.2 percent.

Traders expect a largely rangebound session for the pair in the absence any major cues. A 55.30 to 55.50 range likely, say dealers.