Reuters Market Eye - The rupee fell from its three and half month peak on market talk that authorities could be looking to support the local currency via a relaxation of regulations concerning forward bookings of dollars.
*A bounceback in the BSE Sensex also helps the rupee, traders say.
* USD/INR trading at 52.64/65, up from Monday's close of 52.52, but below from the session's high of 52.86 - a level last seen January 9.