The Union Budget and RBI policy will drive the theme for the Rupee going forward. Indian rupee is under pressure as US dollar is trading at 1-month high on the back of strong US retail sales, manufacturing activity and pick-up in housing starts. Due to an unexpected shortfall in revenue and higher spending, the fiscal deficit for the current financial year is likely to edge higher at 3.7-4 per cent which will put our Rupee under pressure. In the last couple of trading sessions, equity markets are edging higher but Indian rupee continues to slide as the market is expecting

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