Modi under pressure as rupee hits record low | Money Talks

[Dai Toruko]

The Reserve Bank of India has held off on hiking interest rates, shocking analysts and sending the rupee to a fresh record low. The currency's weakness has been a source of misery for millions, especially for a key segment of Prime Minister Narendra Modi's base. Paolo Montecillo reports.

Prime Minister Modi was also busy this week hosting Russian President Vladimir Putin for their countries' annual bilateral summit. India has been trying to strengthen energy and security ties with Moscow, while also balancing its alliance with the US. Neha Poonia has more from New Delhi.

 

[maximuswarrior]

This is the state of Indian rupees and these Indians lecture us all day long about our currency LOL

 

[Śakra]

Tabernaque.

 

[Quibbler]

This is the state of Indian rupees and these Indians lecture us all day long a out our currency LOL

PKR has fallen 29 pc year to date. INR has fallen 13 pc year to date. You see the difference. Not to mention India has lots of tools to address averse impacts like forex reserves, foreign assets, space for rake hikes etc while Pakistan has almost none.

 

[enquencher]

The Reserve Bank of India has held off on hiking interest rates, shocking analysts and sending the rupee to a fresh record low. The currency's weakness has been a source of misery for millions, especially for a key segment of Prime Minister Narendra Modi's base. Paolo Montecillo reports.

Prime Minister Modi was also busy this week hosting Russian President Vladimir Putin for their countries' annual bilateral summit. India has been trying to strengthen energy and security ties with Moscow, while also balancing its alliance with the US. Neha Poonia has more from New Delhi.

Bharwana part 2.. hope he does not deal in tomatoes

 

[Royal Blue007]

The Reserve Bank of India has held off on hiking interest rates, shocking analysts and sending the rupee to a fresh record low. The currency's weakness has been a source of misery for millions, especially for a key segment of Prime Minister Narendra Modi's base. Paolo Montecillo reports.

Prime Minister Modi was also busy this week hosting Russian President Vladimir Putin for their countries' annual bilateral summit. India has been trying to strengthen energy and security ties with Moscow, while also balancing its alliance with the US. Neha Poonia has more from New Delhi.

TRT seriously?
slowdown is global.
http://www.intellinews.com/third-of-turkey-s-gdp-may-be-wiped-out-by-recession-147185/

https://gulfnews.com/business/analy...pproach-to-turkey-s-economic-crisis-1.2278401

Bharwana part 2.. hope he does not deal in tomatoes

Nope apparently he had something other than tomatos and potatos
https://www.cnbc.com/2018/08/10/lir...dogan-tells-turks-they-have-their-dollar.html

https://ahvalnews.com/turkey-economy/erdogan-hires-islam-professor-businesswoman-new-economics-board