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Rupee inches lower; caution prevails ahead Fed meeting

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Reuters

Reuters Market Eye - The rupee trading at 61.41/42 versus its close of 61.31/32, with sentiment cautious ahead of the Federal Reserve's meeting this week.

All Asian currencies trading mixed versus the dollar.

The BSE Sensex trading up 0.2 percent.

The dollar touched a one-week high against a basket of major currencies on Wednesday as investors further trimmed bearish positions ahead of the outcome of the Federal Reserve policy meeting.

Dealers will watch the Reserve Bank of India Governor Raghuram Rajan's teleconference with analysts at 1430 IST keenly for cues, which comes a day after the central bank raised rates for the second time in as many months.

 

(Reporting by Archana Narayanan)

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First Published: Oct 30 2013 | 9:31 AM IST

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