Talking about the widening current account deficit, Mukul Kochhar, Head of Institutional Sales, Investec Capital Services, said that the scenario may get rupee under pressure.
Considering the circumstances, Kochhar said that technology, being a defensive sector, was one of the best areas to invest in.
“As a defense against the rupee, IT is a good place to be in”, he said.
Watch the interview of Mukul Kochhar where he shared his readings and outlook on the fundamentals of the market.