date:Sep 17, 2013
ivotal meeting on Tuesday and Wednesday of the U.S. Federal Reserve.
The Fed is likely to announce measures to rein in its massive economic stimulus. Fears of an expected policy tapering have already sparked an emerging market sell-off, contributing to the rupee's fall to record lows last month.
The rupee performed better on Monday thanks to a weaker dollar after Lawrence Summers, seen as relatively hawkish on monetary policy, withdrew from the race for the next Fed chief, thus raising prospec