The rupee retreated from over-five-month peaks on Tuesday as the dollar cut some of its previous day's losses versus major currencies and traders awaited the opening of the domestic share market for direction.

The dollar steadied on Tuesday a day after hitting its lowest this year against the euro and a basket of currencies as reassuring economic data and a rally on Wall Street reduced the safe-haven allure of the greenback.

At 9:15 am the partially convertible rupee was at 47.09/10 per dollar, weaker than its previous close of 46.94/95. It rose to 46.89 on Monday, its strongest since Dec. 19.

Dealers said heavy central bank intervention between 46.90-47 during the previous session had stemmed the rupee's rise. Three traders estimated the central bank had purchased about $400 million to $600 million in Monday's trading.

One-month offshore non-deliverable forwards were at 47.17/27, weaker than the onshore spot rate.