As the weak rupee raises pressure on RBI to hike interest rates, HSBC country head Naina Lal Kidwai said any increase would be a ‘body blow’ to industry and growth. “I hope that it stays stable because interest rate going up will be a body blow to industry and industrial growth, which is very important, at a very fragile position right now,” Kidwai, who is also the president of industry body FICCI, said in an interview........
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