Indian equity benchmarks dropped on Wednesday, as investors booked profits after a four-session winning streak and awaited the U.S. Federal Reserve’s guidance on future rate hikes later in the day.

Dear Trader… Indian equity benchmarks closed near their intraday low points, on the back of mixed cues from other Asian markets along with selling in Auto and Telecom stocks. Traders got cautious amid a private report stating that India’s fast-depleting foreign exchange reserves are likely to drop more than was