India rupee rises on dollar's losses overseas
MUMBAI, June 24 (Reuters) - The Indian rupee strengthened on Wednesday, tracking the dollar's fall against the euro ahead of the Federal Reserve's rate-setting meeting.
* At 9:02 a.m., the partially convertible rupee INR=IN was at 48.42/43 per dollar, stronger than 48.53/55 at close on Tuesday, when it had fallen to 48.90, its lowest since May 15.
* The dollar hovered at its lowest levels for a week against the euro on Wednesday after tumbling sharply across the board as the market prepared for the Fed to dampen expectations for higher interest rates. [USD/]
* The Fed's two-day policy meeting ends on Wednesday, and it is widely expected to leave interest rates unchanged. [nFEDAHEAD] (Reporting by Anurag Joshi; Editing by Sunil Nair)
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