Wednesday, October 30, 2013

Rupee trading weaker; Fed in focus

Reuters Market Eye - The rupee trading at 61.45/46 versus its close of 61.31/32 on Tuesday with investors awaiting the outcome of the U.S. Federal Reserve\'s meeting due later in the evening.

The BSE Sensex trading up 0.3 percent.

Most Asian currencies trading weaker compared with the dollar.

Traders expect the pair to hold in a 61.30 to 61.60 range during the rest of the session.

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.
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