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Rupee edges lower tracking broad dollar gains after Fed meet

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Reuters

Reuters Market Eye - The rupee is trading at 61.43/44 versus its close of 61.2350/2450, hurt by broad gains in the dollar following the U.S. Federal Reserve's decision to keep its massive bond-buying stimulus in place.

The dollar trading at around two-week highs against a basket of six major currencies.

The BSE Sensex trading down 0.2 percent.

Traders expect the pair to hold in a 60.90 to 61.80 range until the end of next week.

Budget deficit data for April-September due at 1600 IST will be watched closely by dealers.

(Reporting by Swati Bhat)

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First Published: Oct 31 2013 | 9:27 AM IST

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