How much did foreign debt increase? LolAnd now the facts
"Forex reserves jump $75 bn since lockdownForeign currency assets expanded by $5.73 billion to $508.7 billion in the week ended October 9, as per RBI data.www.google.com
Foreign currency assets expanded by $5.73 billion to $508.7 billion in the week ended October 9, as per rbi "
"India’s foreign exchange reserves jumped by $5.86 billion in the week ended October 9 to hit a fresh high of $551.5 billion. As Covid-19 pandemic led to a sharp decline in imports of crude oil and gold and Indian companies attracted huge foreign direct investments, the forex reserves swelled by $75 billion since lockdown announcement in last week of March.
RBI data released on Friday shows that in the week ended October 9, the foreign currency assets expanded by $5.73 billion to $508.7 billion and the gold reserves were up by $113 million to $36.6 billion."
Interesting that Pakistan "experts" have totally removed Pakistan from the comparison battle with India and now use China and BD to fight their battles.
Pakistan foreign exchange now is less than 20 b usd , and most from foreign aid as the expat earnings are inadequate to cover the import export imbalance.
And in 1996 ,
1 Usd = 46 inr (now 73) and 40 pkr( now 164)
So pakistan rupees has devalued itself substantially.