INDIAN RUPEE HAS HIT A NEW LOW AGAINST US DOLLAR; 1USD = INR 61; THE REASON WHY OUR MARKETS NEVER PARTICIPATED IN THE GLOBAL RALLY; THIS DEPRECIATION OF INDIAN CURRENCY LEADS TO FEARS OF RATE HIKE, INSTEAD OF POPULAR BELIEF THAT RATES MIGHT BE CUT IN THE NEXT POLICY REVIEW BY THE RESERVE BANK OF INDIA; DONT RUSH TO BUY STOCKS JUST BECAUSE THEY ARE AVAILABLE AT 50% DISCOUNT; THEY MIGHT GO DOWN FURTHER, UNLESS THE CENTRAL GOVT TAKES SOME SERIOUS MEASURES TO STEM THE ROT - RAJAN IYER
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