NEW DELHI -- India's central bank is expected to announce another rise in interest rates at the end of a three-day policy meeting that begins Monday, but economists and traders aren't betting it will ease the slide of the rupee.
The currency suffered its fifth monthly decline in a row in May, amid relentless selling by foreign institutional investors, slowing economic growth, and a spike in inflation that alarmed the Reserve Bank of India so much it delivered an unexpected rate increase between meetings on May 4.
