Rupee slips 6 paise to 70.90 ahead of US Fed policy outcome

The Indian rupee settled 6 paise lower at 70.90 to the US dollar on Wednesday as participants exercised caution ahead of the Federal Reserve's monetary policy decision.

However, the rupee loss was somewhat capped by unabated foreign fund inflows, domestic stocks rally and lower crude oil prices.

Starting off weaker, the domestic currency went on to hit a low of 71.03 against the US dollar during the day. It, however, claimed some of its lost ground to settle at