11-October-2013:> Raghuram Rajan seems a perfect talisman for the rupee. Ever since he\'s taken over as governor of the Reserve Bank of India (RBI), the currency has appreciated 8.76 per cent and is now stabilising between 61-62 against the dollar. Not surprisingly, then, that Rajan has opted to cut the marginal standing facility or MSF (short-term rates) by another 50 basis points (bps), barely weeks after he cut it by 75 basis points on September 20. Incidentally, his predecessor had opted to tighten short-term rates to bring more stability to the rupee, and Rajan\'s rollback indicates the currency crisis is over for now - unless something drastic happens in the developed world, which seems unlikely as of now, with the US Federal Reserve choosing to defer the gradual rollback of its quantitative easing programme to January 2014........
BUY INFY
RECO PRICE 2530 10-July-2013
GAIN (%) 7.42%
BOOK ON 12-July-2013
23,750/=
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BUY DRREDDY
RECO PRICE 2220 07-August-2013
GAIN (%) 1.57%
BOOK ON 07-August-2013
4,250/=
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BUY BANKNIFTY
RECO PRICE 9840 08-August-2013
GAIN (%) 1.37%
BOOK ON 08-August-2013
6,750/=
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Infosys ups FY14 guidance to 9-10%, net at Rs 2,410 cr
* For the three months ended September 2013, the company reported a 1.6% rise in net profit at Rs 2,407 crore against the same period last year on back of revenues of Rs 12,965 crore, which grew by 31.5% year-on-year.

(October 11,2013)

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(August 20,2013)

*SBIN FUT BUY AT 1500 SL 1477 TGT 1534
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