He was granted bail on Monday, said his manager Om Lakhani.
"The police could not find any evidence against him and he was granted bail yesterday against a bond of Rs 30,000," Lakhani told IANS on Tuesday.
Inder, who has acted in over a score of Bollywood movies, including the blockbuster Wanted starring Salman Khan and a horror show on television, was arrested by Versova police in April after a 23-year-old model-cum-actress lodged a complaint accusing him of raping her.
In her complaint, she alleged that the 41-year-old had raped her twice in three days after promising to give her lead roles in Bollywood movies, a senior police official had said.
The victim also alleged that she was assaulted and hit by a beer bottle by Inder, who kept her confined in his Andheri home.