The Indian rupee that opened higher against the U.S. dollar on Tuesday pulled back shortly. The rupee that edged up to 55.3205 against the greenback is presently trading at 55.41. The pair ended Monday's deals at 55.525.
Finance Minister Chidambaram ordered a review of tax provisions yesterday that have a retrospective effect and vowed to take measures to bring down interest rates, spur investment and ease the burden on consumers.
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