Marc Faber, editor and publisher of 'The Gloom, Boom & Doom Report', who in an interview to ET Now earlier this year had projected a 20 per cent drop in Sensex to a sub-30,000 level, now says the rupee could hit 100 a dollar mark in the next few years.
India’s fiscal position is not particularly good. Either India has to increase interest rate meaningfully or has to let rupee depreciate over time.
- Source, ET NOW