Sunday 5 October 2008

India least affected by US crisis: PN Vijay

Portfolio Manager PN Vijay feels it’s difficult to say if there is more bad news today. “We have been dancing to global cues for the previous one month. Hopefully, these cues will play themselves out soon,” he says.

“Domestically, things look much better now with inflation lower than previous levels and interest rates likely to come down in about two months,” Vijay said.

“The package got passed on Friday and that is also good news. Economically, India is the least affected by the developments in the US but flows are badly affected," Vijay said.

Source: MoneyControl

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