January 22, 2014

India: Not Optimistic About The Rupee

"I am not optimistic about the rupee. You constantly have huge deficits, trade deficits, government deficits and inflation. If they would make the rupee convertible, then we can find a real free market value of the rupee. I would probably be extremely interested in India and in the rupee, but as long as you have got all these blockages, with the Indian government and Indian central bank trying to control everything, you cannot have a real market. So I am not too optimistic about the rupee." - in Economic Times

You can keep reading Jim`s market updates and financial commentary on the new website: Rogers on The Markets (click on the link or on the image below to access the new website)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.
eXTReMe Tracker