Reuters Market Eye - The rupee is still down, trading around 55 pivot. The pair is at 55.04/05 versus its last close at 55.10/11.
A private bank dealer tips a tight 54.95-55.10 range for the rest of the session.
Oilers are picking up dollars to meet import requirements, while foreign banks have sold on porfolio inflows, dealers said.
The dollar rose against the yen on Tuesday after a Japanese minister clarified remarks about the yen's drop, but many awaited the Federal Reserve chief's testimony before adding to bets on a stronger U.S. currency.
(Reporting by Subhadip Sircar)
