Sajal Gupta, Head – Forex & Rates, Edelweiss Securities

Demonetization: “We believe that the move is quite positive for the economy in the medium to long run. In short term we may see some negative impact as businesses and common people adjust to a less cash dominated economy. The positive impact will be seen in government’s fiscal health and inflation. Interest rates should come down and there is a possibility that size of the reported economy may increase. Hopefully it will also lead to greater transparency and less corruption. We expect the currency markets should be impacted more by likely Trump victory than by the demonetization of 500/1000 rupee notes”


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