Waiting for the US Federal Reserve policy decision, the Indian rupee went down to its lowest level in over a week on Tuesday. The investor's unwound short dollar positions across the world and Indian was no different.

While the markets are dovish about the kind of steps that the Fed is going to take, they are not sure on many quarters, how much of it will they be able to keep. While some of them approve of it, the others are not sure how much beneficial are they going to be.

The partial convertible rupee closed the day at 46.3950/4050 per dollar after touching a high of 46.4275. The lowest level that it touched was 0.6 per cent lower than its level of 46.125/135 on Monday.

Foreign exchange experts say that it is very predictable since the dollar and equity markets, both were moving.

Meanwhile, the Indian equities fell down by 0.4 per cent because of the software companies falling down.

World over the markets followed the same trend but dealers don't believe that this is a bearish trend. Till Monday, foreigners were net buyers.