The Rupee was trading little changed at 61.80 to the dollar, as against its Monday's close of 61.79. The rupee has exhibited a more steady trend in the last few weeks.
However, dealers say that there might be volatility in the days to come given global cues like the partial US government shutdown and also worries over the debt ceiling talks in the US.
In fact, in the last few days the dollar has been weaker against a basket of currencies due to worries over its debt ceiling.
The rupee was steady despite the fact that the RBI cut the MSF requirement for banks to 9%. Check rupee rates here