NEW DELHI: The rupee is likely to be under pressure in the near term but it will appreciate a little from the current level to around Rs 57.5 against the US dollar by the end of this fiscal, according to research firm D&B.
External market volatility and high Current Account Deficit (CAD) are still weighing on the currency and will keep it under pressure, it said.
"By this calender year end, rupee is likely to be around Rs 58.5/USD to Rs 59/dollar, while by March 2014 it is likely to be Rs 57.5/dollar," global research firm Dun & Bradstreet Senior Economist Arun Singh told PTI.
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