Global financial services giant Goldman Sachs said that inspired by stable Congress-led coalition government and positive market conditions, Rupee may rise to 46 against US dollar in next 12 months.

Appreciation of rupee will boost export-dependent sectors including Oil distribution, fertilizer and capital goods companies.

But information technology (IT), textiles, pharmaceuticals and export-oriented oil refiners may suffer loses.

Indian Rupee which has gained 4.9% during last week fell as low as 47.32 per dollar at the Interbank Foreign Exchange (Forex) today.

Victory of Congress-led coalition has earlier resulted in appreciation of Rupees by 5 % against dollar in the market.