Tuesday, May 22, 2012

Marc Faber : The Rupee Depreciation Good for the Market

Marc Faber : Normally, if you let your currency weaken significantly, it may help you near term but equally it causes a lot of long-term economic damage. And hence, if the rupee depreciates by 10-20 per cent in the near term, it will also help the market. - in NDTV
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.