Can't run sudo pod install after updating to cocoapods 0.32.1 with error "You cannot run CocoaPods as root. (CLAide::Help)"

I found an issue when running sudo pod install command after updating it to latest version 0.32.1. Earlier it was working very fine.

When I tried to do pod install with older cocoapods, it asked me to update to latest cocoapods version i.e. 0.32.1. After I updated by cocoapods gem, I can't do sudo pod install in my Xcode project. It gives me following error.

± sudo pod install                                                                                                            ruby-1.9.3-p0Password:/Users/username/.rvm/rubies/ruby-1.9.3-p0/lib/ruby/gems/1.9.1/gems/claide-0.5.0/lib/claide/command.rb:328:in `help!': [!] You cannot run CocoaPods as root. (CLAide::Help)CocoaPods, the Objective-C library package manager.Commands:....

Any suggestion to overcome the issue would be very helpful. Thanks in advance.