Propping Growth: Low macro lending rates to keep rupee under pressure (IANS Currency Forecast)

New Delhi, April 16 India's low macro-lending rates to prop-up growth as well as rising trade deficit on the back of expensive imported commodities is expected to keep the Indian rupee subdued in the short-run.

Accordingly, the low macro-lending rates have pushed bond yields higher and stroked further inflationary fears, thereby, hurting rupee's prospects.

"Rupee is expected to weaken a bit further as the central bank

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