The strength in the currency may not bolster more point dreassage on the market salad but it is certainly not going to add more burn at this juncture as the reform agenda becomes a soon to be famous aphorism for days of quick policy making followed by years of pain of non implementation as congress hangs on to a wafer thin mandate. Psephologists and rupee mechanics apart what is holding this market is an undeniable hope which is bound to get shattered when Corporate performance actually comes in.  

Even that may finally get built into expectations as China gets ready for an extanded decade or two of slowdown compared to the currenntly past halcyon days of unhindered growth and india also likely happy tohus to stay to a second to China Hindu rate of growth. Thats not very academic or journalistic or a good decision mark but trading rooms would prefer to see it like it is. 

Posted via email from The India Investment Post