Rupee may be under pressure in 2015; like IDFC: Sabharwal

The year 2015 will bring in a lot of opportunities for market participants and a few risks, owing to global factors, is the word coming in from Sandip Sabharwal.

Also, with the interest rate differential reducing between India and the US, what will happen to fund flows, he muses. Sabharwal has always maintained that if the US Federal Reserve starts tapering and then goes on to hike interest rates for the right reasons (for growth), then it is a positive thing.

But next year will be different for India, he adds. With expectations of an interest rate cut by the Reserve Bank of India and US hiking rates, the big question now is what will happen to the rupee, he asks. He feels the rupee, going ahead, can come under pressure.

However, lower interest rates will also benefit a lot of sectors. He is bullish on Ashok Leyland and IDFC. He also feels Jet Airways, from the aviation space, is likely to do well, with IndiGo eyeing an IPO - it won’t be most likely indulging in a price war - and low-cost carrier SpiceJet in a troubled spot.