The Indian rupee weakened against the U.S. dollar in the morning deals on Wednesday, as investors remain cautious ahead of today’s monetary policy decision from the Federal Reserve.
Against the greenback, the rupee fell to a 1-week low of 67.4450 from an early high of 67.3300. At yesterday’s close, the rupee was trading at 67.3500 against the greenback.
If the rupee extends its downtrend, it is likely to find support around the 68.00 area.
The material has been provided by InstaForex Company – www.instaforex.com