New Delhi, Dec. 3 -- The Indian Rupee's recent depreciation against the dollar is temporary and will reverse once India concludes a trade agreement with the United States (US), according to Anant Goenka, Vice Chairman of RPG Group and President of the Federation of Indian Chambers of Commerce and Industry (FICCI).

In an exclusive interview, Goenka attributed the currency weakness to a widening current account deficit stemming from trade challenges with the US, coupled with foreign portfolio investment outflows.

"I believe, hopefully an agreement is on the anvil. Once that happens, I think we can see the rupee strengthening again," Goenka said. "There is an immediate depreciation of the rupee that has happened, but I would not worry abou...