Friday, July 24, 2015

India debt relatively high compared to other Asian countries

Business Standard: There were some reports that the rupee could come under pressure in case the situation in Greece worsens. What are your thoughts?

Jim Rogers: I don't know much about the rupee at this moment, but India still has very high amount of debt compared to some other regions across the world. Many other currencies would be a better place to be than the rupee.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.