Expect Euro to weaken a bit versus dollar: Prateek Agarwal

Prateek Agarwal, Head Equities, Bharti AXA Invest Manager, in a chat with ET Now gives his views on currencies.

If you could give us a perspective on some of the currencies especially the Euro, which is under a fair bit of pressure right now considering the debt crisis that has been looming large on the continent?

Whatever has happened to Greece our house view is that it probably doesn't impact dollar block emerging market country like India in any significant manner.

It probably doesn't impact in any significant manner most of the globe given the size of these economies. I mean ultimately Greece, Portugal etc fall less than 5% of the Euro zone itself but what it does is that whichever way you look at it you expect Euro to weaken a bit versus the dollar. So its more a currency thing than anything to do with anything else frankly.