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Rupee approaches record low ahead of Fed meeting

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Reuters MUMBAI

MUMBAI (Reuters) - The rupee fell to 58.87 versus the dollar on Wednesday, close to its record low ahead of the outcome of the Federal Reserve meeting that may signal a tapering down of the U.S. stimulus programme.

The rupee opened at 58.82 and closed at 58.77/78 on Tuesday, an all-time closing high. The Indian unit remains within touch of an all-time low of 58.98 last week.

 

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First Published: Jun 19 2013 | 10:36 AM IST

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