MUMBAI (Reuters) - India gold was steady on Tuesday afternoon as support from the overseas market was offset by a firm rupee locally, with traders waiting for falls amid a seasonally lean demand period, dealers said. * The most-active gold for August delivery was trading 0.08 percent lower at 22,680 rupees per 10 grams at 2:11 p.m. * Overseas gold inched up, after rising to its strongest in more than a month in the previous session, as fears about a slowing U.S. economy prompted purchases from investors seeking an alternative investment. * The rupee was firm in afternoon trades on Tuesday in tandem with the euro's gains and positive local shares, but dollar demand from oil companies limited the rise. * The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal. (Reporting by Siddesh Mayenkar; Editing by Sunil Nair)
