In fact, the widening current account deficit could send the rupee reach worrying levels. The Current Account Deficit hit historic high of 6.7 percent of GDP for the December quarter.
While the rupee could weaken but analysts do not expect it to breach the 55 levels anytime soon.
At 2.25 pm IST, the rupee was seen trading at 54.36 lower by 10 paise.
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