The Indian rupee that rose against the U.S. dollar when the Indian forex market opened for trading on Tuesday pared gains soon thereafter.
Meanwhile, Reserve Bank of India Deputy Governor Subir Gokarn said on Monday that RBI will continue to take more steps to arrest rupee fall.
"RBI was likely buy bonds through its open market operations (OMOs) this week," he added.
The rupee that gained to 54.61 per dollar eased and the pair is now trading at 54.915. The greenback-rupee pair ended Monday's deals at 54.975.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.