INR Vs PKR

[Jackdaws]

Just read that 1 Indian rupee now gets you 3 Pakistani rupees. Is this the lowest its ever been?

 

[Norwegian]

Just read that 1 Indian rupee now gets you 3 Pakistani rupees. Is this the lowest its ever been?

Yes, and it will get worse thanks to neutrals

 

[Wood]

INR is also under pressure. But it is getting support from RBI to keep the value at 80

 

[Norwegian]

INR is also under pressure. But it is getting support from RBI to keep the value at 80

Luxury of having 600 billion dollars in reserves

 

[Wood]

Luxury of having 600 billion dollars in reserves

More like $400 $574 billion now. India's position is certainly not as bad on this front as other South Asian countries. But considering India's size, the reserves can only help for a year if the global economy does not avoid a deep recession.

One good thing for India is that I see FDI is still rolling in (although at a seemingly slower pace). The capital account can therefore remain strong for now

 

[maithil]

Luxury of having 600 billion dollars in reserves

572 billion to be exact... It's dropping every week for some time now. But expect things to get better in coming months.

 

[HttpError]

Yes, and it will get worse thanks to neutrals

Neutrals zindabad.

 

[Black Tornado]

Might as well become 4 times the way things are going.

 

[lightoftruth]

PKR will touch 300 in August.

effectively turning Pakistani GDP under 200 billion.

Throughout history Indian GDP has been more or less 10 times that of pakistan,

but now it will be atleast 15 times and by the end of this fiscal 20 times.

 

[Two banks of the River]

Hmm, 1 INR is 2.6 PKR

Not 3.

 

[Wood]

Hmm, 1 INR is 2.6 PKR

Not 3.

Google conversation rate seems to be different from what SBP posted a few hours ago

https://twitter.com/x/status/1552593965802815488

https://www.sbp.org.pk/ecodata/rates/m2m/2022/Jul/28-Jul-22.pdf

 

[Two banks of the River]

Google conversation rate seems to be different from what SBP posted a few hours ago

https://twitter.com/x/status/1552593965802815488

Hmm yes someone pointed it out to me. My bad. Seems a glitch in Google.

 

[proud_indian]

Throughout history Indian GDP has been more or less 10 times that of pakistan,

but now it will be atleast 15 times and by the end of this fiscal 20 times.

Nope,

In 1992 when we were opening up our economy, it was 4.5 times of Pakistan's economy!

 

[HttpError]

Pakistan is Doomed Thanks to Harami Leaders and chors.

 

[Skull and Bones]

1 PKR should be equal to 10 INR