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INDIAN HOTELS - MD & CEO Rakesh Sharma Resigns Due To Personal Reasons Effective Sept 30 EARNINGS REPORT - Divi's Labs To Pay Dividend Of Rs 10/Share

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.