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

Marc Faber : The Indian rupee to weaken further

Marc Faber : The Indian rupee seems to be somewhat oversold but I think the direction is very clearly towards the weaker currency. - in NDTV

Outlook for Indian Economy

Marc Faber : We have to distinguish between the economy and the performance of financial markets. The Indian market is obviously co-related to other markets around the world and I think they are now also somewhat oversold. We can have a relief rally but obviously no new highs. The margin may be between 12,000 and 16,000. - in NDTV

Marc Faber : China may only grow 3-5 per cent

Marc Faber : I wouldn’t rely too much on statistics published by any government including the Indian government. However, according to my statistics, I think China may only grow 3-5 per cent. - in NDTV