The rupee depicted slight fall in relation to the dollar on the money market on Wednesday in process of trading, dealers said. The rupee shed one paisa against the dollar for buying and selling at Rs 124.25 and Rs 124.26, they added.
In the third Asian trade, the dollar kept to tight ranges on Wednesday as investors focused their attention on the Federal Reserve's policy review later in the day as global markets fret over an escalating trade row between the United States and China.
The US currency slipped against the Australian and New Zealand dollars, which were partially underpinned by a survey showing a bounce in New Zealand business sentiment.
Global markets have been on edge in the past few months as the heated Sino-US trade dispute stoked uncertainty about the outlook for global growth and broader monetary policy for some developed and emerging market economies.
The Fed will end its two-day policy meeting later on Wednesday at which it is expected to raise interest rates for the eighth time since late 2015. Investors are also counting on another rate hike before year-end, though the outlook for 2019 is less clear.
The dollar index, which measures the greenback against six major currencies, has slipped around 3 percent since mid-August.-Reuters
The dollar was trading against the Indian rupee at Rs 72.595, the greenback was at 4.140 in terms of the Malaysian ringgit and the US currency was available at 6.872 versus the Chinese yuan.

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Open Bid       Rs.125.30
Open Offer     Rs.125.60
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Bid Rate       Rs.124.25
Offer Rate     Rs.124.26
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