Could India Cash In on the Weak Rupee?

THE IPO IS PRETTY STRONG. PAUL: OUR ASIA EQUITIES REPORTER IN MUMBAI. LET'S LOOK AT HOW INDIAN MARKETS ARE PERFORMING.THE MOOD OVERALL IS ONE OF OPTIMISM, THE SENSEX PUSHING HIGHER BY ABOUT TWO THIRDS OF 1%. ALL OF THE MAJOR INDEXES ARE HIGHER. MODEST RISK ON SENTIMENT.RUBY BLACK -- BACK BELOW 90. IT HAS STRENGTHENED AFTER THE INTERVENTION FROM THE RBI THIS WEEK. IT SEEMS TO HAVE WORKED IN THE SHORT-TERM BUT RISKS REMAIN TO THE CURRENCY.THE IPO, THE INDIAN RUPEE JUST ABOVE 90. LET'S TALK ABOUT THE STATE BAC ...