Major Recovery Unlikely In Near Term: Jeff Chowdhry
  • Ekta Tibrewal
  • Sep 03 2013

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.