BHarwana
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$2 billion will give rupee a support for only 5 days after which it will start to fall again. This is very sad situation for India.
$2 billion will give rupee a support for only 5 days after which it will start to fall again. This is very sad situation for India.
People are pulling investments out of India and if RBI throws in $15 billion to hold rupee and keep inflation low it will only make easy for those people who want to pull out money from India. If RBI don't supports then the sinking economy will force those people to pull out money. What India is experiencing is a start of recession and this type of situation is not good. India's economy has been over exhausted to give a good image in media and those factors are now bitting back.So this means that if they spend 15-Billion, that will support the rupee for approximately 40 days. I don't think that will do too much since both internal and external pressures/factors can go on for months. This may turn out to be a very expensive exercise for RBI.
So RDI wants to sell 2 billion dollars to stop the Rupee not falling below 72. How do they know that spending 2 billion dollar is enough to keep the rupee in check? I think they would need to spend much more to control the rupee fall. $2 billion won't cut it.
People are pulling investments out of India and if RBI throws in $15 billion to hold rupee and keep inflation low it will only make easy for those people who want to pull out money from India. If RBI don't supports then the sinking economy will force those people to pull out money. What India is experiencing is a start of recession and this type of situation is not good. India's economy has been over exhausted to give a good image in media and those factors are now bitting back.
Indian Rupee just 4Paisa away from reaching 72. This situation is very sad. With FDI leaving India rupee is in a desperate need of artificial support. Indian economy is in real slump.
@ARMalik congratulations Indian rupee has breeches 72 and RBI was not able to stop it.
Indian economy is doomed it is dead. This is sad very sad.
@zip congratulations bro your govt did it.
This means $2 billion per week are not enough to stop the rupee decline. Now Indian economy is in trouble. This is really bad for India.
India has already issued bonds but was able to collect very little because FDI is leaving India and country is in economic recession. Indian economy is disrupted.And not to mention loan repayments coming up soon. Lets see if India will "borrow" more or will it sell national assets. I reckon it would be a combination of both.
@ARMalik congratulations Indian rupee has breeches 72 and RBI was not able to stop it.
Indian economy is doomed it is dead. This is sad very sad.
@zip congratulations bro your govt did it.
This means $2 billion per week are not enough to stop the rupee decline. Now Indian economy is in trouble. This is really bad for India.
India has already issued bonds but was able to collect very little because FDI is leaving India and country is in economic recession. Indian economy is disrupted.
This really bad now rupee is further diving and breaching below 72 further.
People have stopped investing in India. Will you invest in a country where you know you investment will lose value by every second? This is a continuous drop and failure of Indian govt to tackle this is creating uncertainty in the market about India.
RBI is not trying to stop it.
I would rather believe the experts in RBI than a mr noone in some time pass defence forum
Did the IMF already bailed out the Pak economy?
It seems like a beggar in road side is peeping on a small crack in the fencing of a rich man