Arvind Sanger, managing partner at Geosphere Capital Management spoke to CNBC-TV18 about the global trade war, yuan devaluation and oil.
“We are seeing much more sustained pressure from the US in terms of trade war threat, tariffs threat as well as exports threat. I think that China is under the gun and there is some question whether China is letting the yuan fall to offset the tariffs or the yuan is falling on its own but China is seeing a slowdown,” Sanger said on Thursday.
Talking about the recent weakness in Chinese yuan and Indian rupee, he said, "I think that there are many factors and it is not clear which factor is dominating but clearly it creates a lot of stress for other emerging markets when the largest emerging market in the world and the second largest economy in the world is seeing this kind of pressure and is seeing this kind of currency weakness."
“I think oil is headed to $85-90 per barrel,” said Sanger.
With regards to the Indian economy, Sanger said “Economy in India is finally clicking at a time when the macro headwinds are just starting to gear up.”