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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