Rupee approaches record low ahead of Fed meeting

The rupee was trading at 58.70/72 per dollar at 9.06 am after opening at 58.82.

June 19, 2013 / 12:18 IST

The rupee was off session lows in early trade on Wednesday, but still remained close to its record low ahead of the outcome of the Federal Reserve meeting that may signal a tapering down of the US stimulus programme.

Also read: Fed meet expectations hitting rupee; 60/USD seen: Axis Bank

The rupee was trading at 58.70/72 per dollar at 9.06 am after opening at 58.82. The rupee hit a record closing low of 58.77/78 on Tuesday, and remains within touch of an all-time low of 58.98 last week.

first published: Jun 19, 2013 09:33 am

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