The US bail out of its financial institutions should benefit Indian bourses in the short term.The reason being the relative strenght of Indian financial institutions and the hot money having pulled out,not much selling is expected with the Nifty and Sensex being undervalued at a PE of less than 14....

Rupee has deprecited to reflect the infation level at present.As inflation comes down and balance of payment position improves Rupee can start appreciating to in the next few months....

Well, RBI and Indian Govt. have thought about the rupee and would have then only let it depreciate. As, in tough economic scenario tough rupee would have dented the exporters tremendously, so in order to cushion them and their margins since sales are going to fall, thereby, rupee depreciation will save that industry and insulate them to an extent from the tough economic scenario outside india. ...