ET:Rupee gains against dollar; Bernanke's testimony awaited
The rupee gained in session trading at 55.05/06 versus its previous close of 55.31/32, tracking losses in the dollar ahead of Fed Chairman Ben Bernanke's testimony to the US Congress.
Markets are hoping for any hints of potential US monetary easing steps.
Traders add dollar demand from oil firms is preventing a very sharp rise in rupee, which is seen trading in a range of 54.80 to 55.50 for the rest of the session.
