Markets

Indian rupee weaker ahead of Fed meet

Published September 17, 2013 Updated September 17, 2013 05:05am

MUMBAI: The Indian 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.