Rupee weaker ahead of Fed meet

MUMBAI (Reuters) - The rupee was weaker in early trades on Tuesday tracking weakness in most Asian peers ahead of the Federal Reserve's meeting this week, where it is widely expected to announce tapering of bond purchases.

The rupee was at 63.38/40 against Monday's close of 62.83/84.

Bond yields rose, with the benchmark 10-year yield also 4 bps higher at 8.47 percent.

(Reporting by Subhadip Sircar; Editing by Sunil Nair)