Indian Foreign reserves fall by $1 billion to $399 billion in one week.

[BHarwana]

Indian Foreign reserves are continuously declining due to RBIs intervention to sustain the Indian rupee RBI has so far avoided to intervene to stabilize the rupee but the little adventure RBI did has costed the foreign reserves of India and made them decline.
The failing Indian economy is showing its true face.

https://twitter.com/x/status/1040566234259943424

https://twitter.com/x/status/1040607362531434496

@rott @ARMalik @SunilM @Novice09

 

[ARMalik]

@BHarwana - yes it looks like it will continue to decline. The question is how low? I know we talked about it falling to 85 or even lower or something.

 

[BHarwana]

These are the declining reserves bro and they will keep on declining because of huge debt standing on Indian heads.

 

[Yaseen1]

india should not buy s400 it will further decrease reserve

 

[BHarwana]

Those reserves are all loans no matter what ever India do they are going to decline every day. India's rising economy was all propaganda.

Now we can see the ugly lady under the makeup. Indian economy is in crisis and India will be bankrupt soon.

Very sad and very bad

https://twitter.com/x/status/1040872503609098240

https://twitter.com/x/status/1040779500437626880

 

[Vijyes Yechury]

Those reserves are all loans no matter what ever India do they are going to decline every day. India's rising economy was all propaganda.

Now we can see the ugly lady under the makeup. Indian economy is in crisis and India will be bankrupt soon.

Very sad and very bad

https://twitter.com/x/status/1040872503609098240

USA has foreign outflow of about $500 billion a year and yet USA is not becoming bankrupt. The foreign inflows in the form of investment in treasury bonds match the outflow. Even in case of India, foreign investment into Indian economy matches the outflow.

Now, RBI has about 20-25 billion dollar worth of forwards which also must be added to reserves and hence reserves will come to about $420 billion reserves. These forwards are a form of premature payments to imports and done via EXIM banks to increase value of rupee. This means that the imports need not be paid in the future as it already has been paid up. The export earning and remittance will continue coming in the meantime which will then bring back the reserves to its actual level of $420 billion.

 

[BHarwana]

India has been swimming naked. The Indian economic situation is desperate and declining every day. this is sad very bad

https://twitter.com/x/status/1040856989780389888

 

[BHarwana]

A 2 day intervention costed India $840 million lol. Which is $420 million per day to stabilize the rupee. This is a sad situation. Very sad and bad for Indian economy.

 

[Novice09]

Meanwhile in India...

Amitabh Bachchan, Ratan Tata board PM Narendra Modi's 'Swachhata Hi Seva Movement'
https://timesofindia.indiatimes.com..._medium=referral&utm_source=native_share_tray

 

[BHarwana]

Meanwhile in India...

Amitabh Bachchan, Ratan Tata board PM Narendra Modi's 'Swachhata Hi Seva Movement'
https://timesofindia.indiatimes.com..._medium=referral&utm_source=native_share_tray

Shame on RBI releasing the Sep 7th data instead of current. What a disgrace to hide the actual face of Indian economy. This clearly show vulnerability of Indian economy.

https://twitter.com/x/status/1040892999331467264

 

[Novice09]

Shame on RBI releasing the Sep 7th data instead of current. What a disgrace to hide the actual face of Indian economy. This clearly show vulnerability of Indian economy.

https://twitter.com/x/status/1040892999331467264

You are equally knowledgeable as the guy who is leading scamgress party...
Try to understand before naming and shaming... since, you are not an economist... please don't try hard to act like one... this clearly shows your NEEM HAKEEM skills...

If RBI release weekly data on 15th September on forgien reserves... it contains data as on 7th of September... on 7th data was released as on 31st August...

You may clarify your doubts on following link...
https://m.rbi.org.in//scripts/WSSViewDetail.aspx?PARAM1=2&TYPE=Section

At least we are far far away from selling cars and buffalo...

 

[BHarwana]

I have no worry I am a patient man the new data will be out next week the actual issue is reserves are going down with debt still mounting on Indian economy. This is the actual red tape everyone needs to worry about. Rupee falling is increasing the debt. Foreign reserves falling is decreasing the probability of pay back and trade deficit is pushing India into position of taking more loans. End statement is failed economy.

 

[Novice09]

I have no worry I am a patient man the new data will be out next week the actual issue is reserves are going down with debt still mounting on Indian economy. This is the actual red tape everyone needs to worry about. Rupee falling is increasing the debt. Foreign reserves falling is decreasing the probability of pay back and trade deficit is pushing India into position of taking more loans. End statement is failed economy.

Name one Indian who disagree with you on depleting FR or decline of INR... the problem is that you don't understand that the fundamentals of Indian economy are strong... this is where you are wrong...

You said that companies are pulling out investments from India... but failed to name one... while I gave you several names which are putting there money in India, including Chinese...

I can tell you that in my life, I have never seen such pace of infrastructure projects...

when someone go to borrow more LOAN so that he could pay existing loans' instalment... You may put it in failed economy...
Or you are selling cars and buffalo... to have MONEY for day to day chorus...
Or you are begging to friends to park some money in their banks...

The fifth largest economy having highest growth rate... no, unlit you are NEEM HAKEEM...

 

[BHarwana]

Name one Indian who disagree with you on depleting FR or decline of INR... the problem is that you don't understand that the fundamentals of Indian economy are strong... this is where you are wrong...

You said that companies are pulling out investments from India... but failed to name one... while I gave you several names which are putting there money in India, including Chinese...

I can tell you that in my life, I have never seen such pace of infrastructure projects...

Okay if companies are coming into India why is foreign reserves falling? Why is rupee declining these both are signs of.money leaving India not coming in. In macro economics these 2 factors indicate against what you are try to tell me.

Your trade deficit is only $17 billion your imports grew by 25% and exports grew by 19 so there is not much deficit if we look at these figures but the amount by which the reserves are falling and Indian rupee is declining is very high so this means the money is leaving India faster than it is coming in.

This is an economic problem and of a major proportion. Why do reserves fall and rupee declines can explain me this? It only happens when there is a large out flow of money from your economy and it not just exports but investors are leaving India and they are doing it rapidly. You don't put them in news but your reserves and currency situation is clearly stating this.

Indian trade deficit is $75 billion according to last known figures. India dollar reserves with in the whole country stands at $365 billion so this means that deficit to reserve ratio stands at above 20%. This indicate India has reserves for next 5 years and India will lose 20% reserves each year. Now why is rupee depreciating and reserves falling than this 20% Mark per year? Because investment is leaving India. This is the start of an economic recession or Indian Govt is hiding data and not giving actual figures.
Modi govt cannot hide these 2 figures because they are not in their control. If they hide one they reveal the other and if hide other they reveal the first. Currency value and foreign reserves both are linked and they are showing the actual picture of Indian economy. Every previous investors is running as soon as he gets the chance. It is as simple as that.

India is a fake boosted economy actually by media campaign and in actual there are no economic gains in India most of the population is poor and don't have buying or selling power they cannot give business to the investors and rich are ultra rich they can import from other countries the products they want so there is no point for business to invest in India.

 

[seesonic]

USA has foreign outflow of about $500 billion a year and yet USA is not becoming bankrupt. The foreign inflows in the form of investment in treasury bonds match the outflow. Even in case of India, foreign investment into Indian economy matches the outflow.

Now, RBI has about 20-25 billion dollar worth of forwards which also must be added to reserves and hence reserves will come to about $420 billion reserves. These forwards are a form of premature payments to imports and done via EXIM banks to increase value of rupee. This means that the imports need not be paid in the future as it already has been paid up. The export earning and remittance will continue coming in the meantime which will then bring back the reserves to its actual level of $420 billion.

Didnt knew that India prints US dollar.

Snake charmer yogi is here