India rupee seen up on dollar's losses overseas
MUMBAI, June 24 (Reuters) - The Indian rupee could rise on Wednesday, tracking the dollar's fall against the euro ahead of the Federal Reserve's rate-setting meeting.
* 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]
* On Tuesday, the partially convertible rupee INR=IN ended at 48.53/55 per dollar after falling early to 48.90, its lowest since May 15, to be stronger than Monday's close of 48.62/63. (Reporting by Anurag Joshi)
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