What is your outlook on Indian equities?
Marc Faber : The
rupee is down nearly 50% in the last three years. Stock markets are
down only 12% to 15% from their peak in rupee terms. Thus, in dollar
terms, India is in a bear market as it has fallen nearly 60%. But I
don't think the Indian stock markets will fall to that extent in rupee
terms. -
in ET Now
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.