Indian rupee trims losses after state banks sell dlrs

MUMBAI, Oct 6 (Reuters) - The Indian rupee recovered from 5-½ year lows on Monday, as state-run banks sold dollars but demand for the U.S. unit from oil firms and concerns of more capital outflows from local stocks weighed.

* At 1:25 p.m., the partially convertible rupee <INR=IN> was at 47.455/460 per dollar, compared with Friday's close of 47.075/085. Earlier it hit 47.51, its lowest since March 2003, but dealers said central bank intervention helped it recover.

* India's main share index .BSESN was down nearly 4 percent as worries of more foreign fund withdrawals mounted after the $700 billion U.S. rescue packaged failed to soothe concerns about a global recession. See [.BO].

* Oil CLc1, India's largest import, was trading close to $90 per barrel, prompting refiners to buy oil at these levels, pushing dollar purchases. (Reporting by Boby Michael and Swati Bhat; Editing by Ramya Venugopal)