Global factors have added to the gloom in our market for the past several months. Disappointing US GDP numbers, higher cost of borrowing by European governments as well as weak industrial output news from China has investors scurrying to find safe havens in these turbulent times.
In an interview with CNBC-TV18, Geoff Lewis of JPMorgan Asset Management gives his take on how he views the Indian market and gives his perspective on the dollar-rupee. Below is an edited transcript. Watch the accompanying video for more. Q: It must really be tough trying to allocate at a time when just about everyone is speaking of gloom. Do you see this risk off and therefore off equities continuing for sometime now? Do you not go into equities until the European situation is resolved?
A: That
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