Rupee trading rangebound ahead of Fed decision
Sep 18 2013
Most Asian currencies stronger.
Traders say market participants are waiting on the sidelines and only covering flows as they prefer to be light ahead of the Fed decision.
Whether and by how much the Fed chooses to taper its $85 billion monthly asset purchase programme will determine what the Reserve Bank of India is likely to do at its policy review on Friday.
The pair is seen holding in a 63.00 to 63.40 range during the rest of the session. The BSE Sensex is up 0.34 percent.