ET Now: But one of the concerns for India has been the large current account deficit which is due to higher imports of both gold and crude. What is your sense on these two commodities? Can gold correct more? Should investors be using this weakness to buy?
Marc Faber: I
do not know. I would not use this weakness to buy. I rather think that
India has numerous problems. One is the fiscal deficit. One is the
current account deficit and the combination of the two argues in the
long run for a weaker currency. - in a recent interview with ETNOW