Marc Faber : The Equity Markets could drop by 20%

Marc Faber : I think that from the recovery highs, in early May, we could easily see a 20% decline. - in CNBC-TV18 interview 24 Apr 2012

Marc Faber : The Indian Rupee will weaken further

Marc Faber : I think that over time the rupee will weaken further. That would be my view now. Whether the weakness comes right away or with some delay, but I think there is a real chance that the rupee will be weak and possibly weaker than investors anticipate. A very weak rupee would be mildly positive for equities. I think they would adjust on the upside because equities are kind of a hedged against the currency devaluation. But in general as I mentioned I think that equity markets are trending lower at the present time. - in CNBC-TV18 interview 24 Apr 2012

Marc Faber on The situation in India

Marc Faber : The situation in India is a situation where the fiscal deficit is essentially very high and obviously the government debt is increasing. The rating agencies do their ratings. I don’t pay much attention to that. But obviously although they have a time lag, they probably are in the right direction in terms of downgrading India. - in MoneyControl