Most equity markets have reacted positively to Friday's EU summit outcome. However, Arjuna Mahendran, Managing Director and Head of Investment Strategy (Asia) at HSBC Private Bank indicated that the global equity markets will still trade in a range post the EU summit.
He also feels the euro is likely to bottom out at 1.33 levels.
Shifting focus to India, Mahendran expects the Reserve Bank of India (RBI) to cut rates post easing of inflation. Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: Are there any near-term positives at all for the Friday
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