The blockbuster U.S. jobs report last Friday sent investors scurrying to load up on dollars to the detriment of emerging market assets and lower-yielding currencies like the yen.
Under pressure to show he has a plan to fix the economy, Putin told an end-of-year news conference the actions of the central bank and government had been "adequate" in a crisis he blamed on external factors.
The brokerage feels the rupee is cheap and does not agree with the widely-held view that it should weaken further against the dollar, since inflation is high.
CNBC-TV18's banking editor, Latha Venkatesh, shares her views on the rupee's reaction to a probable roll-back of GAAR and other taxes by the government. Latha points out to other vital factors that might impact the rupee such as the current account deficits.
Saurabh Mukherjea of Ambit Capital says that many investors feel that the rupee will slide further to 55-56 levels and he also feels that the faith of the investor community in the Indian government has fallen so much that the community feels that the finance minister will not lead in the right way on the GAAR issue.
The acquisition, which added a valuable brand to Google's content offerings, was one of 57 deals completed by the Web search company in the first nine months of 2011
Aadvark is the moderately popular questions and answers service that was picked up by Google just a year back in early 2010. The service was better known as
Google launches Photovine but only for iOS