Rupee to hover around Rs 53-55 against US dollar...
The Indian rupee is expected to hover at around Rs 53-55 as against the US dollar in the near future mainly due to the high current account deficit, policy inaction and high fiscal deficit, a survey has said.
Indian rupee came close to 47 per dollar mark Tuesday and ended at 46.89/90 per dollar mainly due to risk aversion and banks arbitraging a weaker offshore rate.