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Rupee weakens, not far from record low ahead of Fed

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Reuters MUMBAI
Last Updated : Jun 18 2013 | 9:25 AM IST

MUMBAI (Reuters) - The rupee opened weaker against the U.S. dollar on Tuesday, tracking weaker Asian currencies ahead of the two-day Federal Reserve meeting amid concerns about a potential early roll down of the U.S. monetary stimulus programme.

The rupee was at 58.32 to the dollar at 9:12 a.m. from its Monday close of 57.87/88. The currency is not far off a record low of 58.98 hit a week ago.

(Reporting by Subhadip Sircar; Editing by Rafael Nam)

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First Published: Jun 18 2013 | 9:13 AM IST

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