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Expect Trade Deficit To Be Below $10 Bn In Aug: Ananth Narayan

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Ananth Narayan, Co-Head of Wholesale Banking – South Asia, Standard Chartered Bank, highlights the two main problems existing in the Indian economy now: slow growth on the infrastructure front and the ever building current account deficit (C.A.D.). Speaking on the rupee, he points out that over the last two years, the Indian currency has depreciated almost 50%, and has underperformed against most currencies.