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Major Recovery Unlikely In Near Term: Jeff Chowdhry

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September 3: With major declines in currency and markets, the chance of a major recovery is unlikely in the near term, says Jeff Chowdhry, Head of Emerging Equities at F&C Investments. If the government steps in with some drastic steps to stabilise sentiment, markets could rally strongly, he says, adding that a lack of good measures will leave the rupee near 65 per dollar levels.