Where to invest and benefit from rupee depreciation: Dhirendra Kumar
Go for an international fund or US-denominated fund and also domestic funds that are heavy on export businesses, Dhirendra Kumar, CEO, Value Research, tells ET Now.Edited excerpts:How can investors benefit from the rupee depreciation? Is it possible via mutual funds? Investors should not try to benefit tactically from rupee depreciation because the big rupee depreciation will happen when you least expect it and the reasons cannot be predicted. The long-term trend is that till we have the interest rate differential, our currency will depreciate over a long period of time. We are a growing economy and we will have inflation and that is why we will have higher interest rates. This is a given. But investors should be positioned to benefit from this long-term trend and there are ways t...