The US was downgraded by the S&P on Saturday. In an interview to CNBC-TV18, Puru Saxena, CEO of Puru Saxena Wealth Management said, he wasn’t surprised at all. He further said, the Indian market is going to struggle to appreciate over the next few months. “I would urge investors to buy more hard assets and reduce their exposure to the stocks.”
David Forrester, VP-Global Forex Strategy at Barclays Capital and Puru Saxena of Saxena Wealth Management spoke about the impact on the currency and commodities market, in the aftermath of the devastation in Japan’s twin calamities.