Indian foreign reserves fall by $5.14 billion in a week

[BHarwana]

These figures include the gold stocks and the foreign currency reserves are even lowers.

This is very bad and very sad for India

https://twitter.com/x/status/1053270337494937600

 

[Menace2Society]

They have $394 billion in the account.

 

[maximuswarrior]

Why is this suddenly happening?

It is funny how the Indians love to focus on Pak economy LOL

 

[HttpError]

They have $394 billion in the account.

Yikes! That is an impresive number. No wonder why they can afford to buy such good weapons and we have to run around for IMF bailouts.

 

[Tom M]

Why is this suddenly happening?

It is funny how the Indians love to focus on Pak economy LOL

Two reasons;

1) Dollar appreciating against ever other currencies (not just INR).

2) Increasing Crude Oil Bill.

And FYI, it's not just India alone who is feeling the heat, just introspect and look at the foreign exchange reserve of your own respective nations and you will be really surprised.

And above all it's just temporary.

 

[maximuswarrior]

Two reasons;

1) Dollar appreciating against ever other currencies (not just INR).

2) Increasing Crude Oil Bill.

And FYI, it's not just India alone who is feeling the heat, just introspect and look at the foreign exchange reserve of your own respective nations and you will be really surprised.

And above all it's just temporary.

LOL yeah you keep wishing that.

Your explanation doesn't suffice. This is the Modi effect at display LOL

 

[Cherokee]

Still more than what pakistan will have in decades of their pm walking bare foot to rich countries with begging bowl in hand.

Still more than entire annual gdp of of Pakistan

 

[xyxmt]

Still more than what pakistan will have in decades of their pm walking bare foot to rich countries with begging bowl in hand.

Still more than entire annual gdp of of Pakistan

yesss true, or you can even go lower, say Maldives

 

[kaykay]

LOL yeah you keep wishing that.

Your explanation doesn't suffice. This is the Modi effect at display LOL

Meh!! Modi took that from 270 billion USD to almost 400 billion USD.

 

[Menace2Society]

Meh!! Modi took that from 270 billion USD to almost 400 billion USD.

Modi is a mass murder terrorist but Indian people are hard working who know their priorities.

 

[bête noire]

Two reasons;

1) Dollar appreciating against ever other currencies (not just INR).

2) Increasing Crude Oil Bill.

And FYI, it's not just India alone who is feeling the heat, just introspect and look at the foreign exchange reserve of your own respective nations and you will be really surprised.

And above all it's just temporary.

Nope. Bangladesh, Malaysia and Thailand are quite alright actually. No depreciation or even appreciation in the case of Baht against dollar.

 

[Tom M]

LOL yeah you keep wishing that.

Your explanation doesn't suffice. This is the Modi effect at display LOL

Of-course Modi's crap economic experiments have also added fuel to the situation.

But you can keep doing, LOL after LOL when you find petty happyness in Indian currency deprecating against USD, while your economy is taking a nosedive for good. I'm early waiting for your government's actions in implementing IMF prerequisites. You know what that mean ?? LOL

 

[Mighty Lion]

These figures include the gold stocks and the foreign currency reserves are even lowers.

This is very bad and very sad for India

https://twitter.com/x/status/1053270337494937600

@BHarwana
Any comment on state of Pakiatan forex reserves which fell to only $14 billion.

https://tribune.com.pk/story/1828791/2-foreign-exchange-sbps-reserves-fall-219m-stand-8-1b/

 

[Skull and Bones]

This 5 billion, which we spent on a week, the same amount can make or break Pakistan’s tirade about going to IMF. People are forgetting their ‘Aukaat’ here.

 

[ziaulislam]

These figures include the gold stocks and the foreign currency reserves are even lowers.

This is very bad and very sad for India

https://twitter.com/x/status/1053270337494937600

difference is governance, when our reserves were falling in 2016, instead of doing corrective measures we did nothing and ended up with little reserves while india did all corrective measures including allowing devaluation of 20% in last year

atleast our current finance minister is right on all accords..but can we keep him for next 10 years is the question, even among PTI there will be a strong resistance to keep the right guy on the job as all govts just think about 5 years and they dont care if we default at the end of tenure