The Rupee is going to keep sliding   The rupee is going down,
down down. Poor economic growth prospects, rising inflation, a
high fiscal and current account deficit as well as no progress
on reforms will continue to bruise the rupee. Nothing short of a
miracle - or QE3 - will lift the rupee.  read less read more  R
Jagannathan  The problem with rupee bears is that when the
currency is headed down, we think it will continue heading down
forever. We think since oil prices are sticky, exports aren’t
doing too well and foreign investors are uneasy, the rupee will
keep tumbling. But that’s the beauty of price: once the rupee
reaches an attractive level, say Rs 55, it will be a bull party.
Consider: Infosys’ June earnings guidance takes the rupee at
50.88 to the US dollar. Why wouldn’t they book huge profits at
Rs 53-54-55? The rupee could reach a turning point sooner than
later.  read less read more