New Delhi, Feb. 19 -- The Indian rupee is expected to maintain a level of 89 to 90 against the US dollar by the end of fiscal year 2027, supported by a softer dollar and a manageable current account deficit (CAD), according to a report by CareEdge Ratings.

The report highlighted that the USD/INR strengthened from recent lows of around 92 to approximately 90.6 following the trade deal with the United States and the Free Trade Agreement (FTA) with the European Union.

This recovery reflects improving sentiment and easing pressure on the domestic currency.

It stated, "We maintain our FY27-end USD/INR forecast at 89-90."

However, despite the recent recovery, the rupee remains about 0.5 per cent weaker against the dollar compared to its lev...