Rupee inches up

The Indian rupee was trading marginally higher on Tuesday after a pullback in the US dollar, while traders awaited the Reserve Bank of India's policy decision.

The rupee quoted at 82.6125 to the US dollar by 11:08 am IST, up from 82.67 in the previous session. The USD/INR pair is unable to build momentum on either side. After having dropped from near 82.80 to 82.30, the pair managed to recover on Monday.

"USD/INR lacks a clear direction and exhibits minimal discernible patterns," said Anindya Banerjee, head of research for foreign exchange and interest rates at Kotak Securities.