"Within equities, we have a preference for developed markets over the emerging markets and when you look at the year-to-date performance, D...

'Since the rupee's fall was due to negative sentiments, positive sentiments should create a bias towards 55. But that would be post March.'

IT stocks hogged the limelight in an otherwise dull market today. The IT index on the BSE gained 2.14 per cent, up 181.09 points.

"We do like equities at the global level, but we prefer the US and Europe at this point in time and I have more of a neutral allocation to ...

With tapering and with the rising yield environment in the US we would expect the dollar to strengthen from there.