RBI spending to keep rupee strong artificially
Data out today suggests that $ 18 bn was just tip of the iceberg. Overall nearly $ 45 billion were frittered away by RBI to keep rupee strong artifically.
India needs to maintain forex reserves not blow them away to keep the rupee artificially strong. Or it will cause problems soon for the economy more
India needs to maintain forex reserves not blow them away to keep the rupee artificially strong. Or it will cause problems soon for the economy more
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Abolish Income tax and introduce Tax based on transaction is the mantra which unfortunately illiterate and super biological person is unable to understand more
Dec 27
This is not the first time that RBI defended such a big fall. The smart leader keep the economy floating also artificially. Simply talking big and misleading people never ensures a good management practice to keep economy strong. RBI, now has no voice to discipline the fiscal management as it gets dictated by a single lader. more
Dec 27
Even with this ₹is all time low, Modi rightly said before 2014, rupee going down is because of the incompetence of Govt at the centre. more
Dec 27
Our present Finance ministry group is very bad and are not qualified enough to boost our rupee and we need a strong commerce ministry also to boost expost and not only follow what PM says .We need both those depts to have strong people who understands the market dynamics and can shape Bharat economy and not toe PM line to be in his good books.Real strong knowledgeable people not Yes boss type of people more
Dec 27
Investing 1 to crores is bad investment by NRIs. Homes don’t appreciate as much. $$ appreciates more by you not doing anything. Why see your hard earned $$ depreciate? Buy only if you want to live there. more
Dec 27
