Weaker $ may eventually boost EMs like India: Lakefield Partners

The US Federal Reserve in its meeting would likely keep the rates unchanged and might leave markets puzzled over its next rate-hike decision, said Bruno Verstraete of Lakefield Partners.  The two-day Fed meeting which is going on should not send out the message that the it wants to 'break the economy' as the latest numbers from the US have not been very strong, he added.  The consumer-side looks good. The employment and spending numbers are decent, Verstraete said. The evolution of the dollar is important to watch out for. A weaker dollar will impact the commodity space and eventually give a boost to the emerging markets like India, he said.Watch accompanying video for more...