Media scan as of 9:55 am EDT: China’s real estate market navigates cloudy environment …

India. Sensex. Federal Reserve. “Benchmark indices closed lower on Wednesday amid mixed global cues ahead of the US Fed decision on interest rates.Sensex fell 262.96 points or 0.44 per cent to end at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to 59,275.40. Nifty declined 97.90 points or 0.55 per cent to close at 17,718.35.” — MSN.

Latin America. Currencies. Federal Reserve. “Most Latin American currencies fell on Tuesday with the dollar staying close to recent peaks as investors braced for a sharp interest rate hike from the U.S. Federal Reserve on Wednesday.” — Yahoo!Finance

India. Rupee. Dollar. “The Indian rupee ended 23 paise lower at 79.98 as most traders were in risk-averse mode ahead of Fed policy announcement, dealers said.” —

China. Yuan. Real Estate. “Chinese property developers Excellence Group and China SCE Group Holdings are set to issue bonds indirectly backed by the government, amid the gloom that continues to shroud the sector.” — South China Morning Post.

Foreign exchange rates per OANDA

USD/INR = 79.6220

USD/CNY = 7.0129

USD/BRL = 5.1652

USD/MXN = 19.9677