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