Rupee may depreciate beyond 55 in near-term:
The rupee may depreciate beyond 55 level in the near term as the Budget for 2013-14 has no major proposals to cut current account deficit and risks of rise in net borrowings have increased, Goldman Sachs has said.
Mumbai, Aug 7 The Indian rupee today depreciated further by 17 paise to close at 47.84/85 against the US currency following heavy capital outflows amid sluggish equity markets despite a weak dollar overseas.