MUMBAI (Reuters) - The rupee was off highs in afternoon trade on Tuesday as comfort from euro's gains was offset by dollar purchases of domestic oil companies and a retreat in local shares. * At 2:05 p.m., the partially convertible rupee was at 45.2775/2800 per dollar, stronger than Friday's close of 45.35/36, but weaker from the day's high of 45.1700. * The euro was at $1.4381 from $1.4268 at end of local forex trade on Friday, while the index of the dollar against six major currencies was at 74.122, compared with 74.449 points previously. * The benchmark Indian share index pared most early gains and was up 0.1 percent after rising as much as 0.73 percent in opening trades. * Oil is India's biggest import item and oil refiners are the largest buyers of dollars in the local market. * But traders maintain that movement in the euro was the key for cues on rupee direction. (Reporting by Aditya Phatak; Editing by Subhadip Sircar)

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