As the sharply falling rupee pushes a weak Indian economy into a turbulent patch, where are stocks, bonds and gold headed and what should you be doing?

Debashis Basu & Jason Monteiro

After years of stability, the Indian economy and the markets seem to have hit heavy turbulence. Over the past year, economic growth has spluttered to a crawl. And now, major structural weaknesses have shown up which threaten to set the economy back by years. The biggest negative factor is the weakness of the rupee. The average saver is unaware of the impact of a weakening currency that can have a cascading impact on inflation, interest rates, stocks, gold and even on real estate. We believe that the Indian economy is dangerously poised to slide down a slippery path. If that happens, there will be a major impact on various assets groups.

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