Indian Rupee dives a new record low against dollar
- Thread starter BHarwana
- Start date
Novice09
SENIOR MEMBER
- Joined
- Oct 20, 2009
- Messages
- 2,802
- Reaction score
- -5
- Country
- Location
RBI is not pumping dollar to stabilise INR... Just a news that PM MODI will review the economic situation arises due to depriciating rupee, crude oil prices and China-USA trade war was enough to strengthen the rupee for two continuous days...
Import duty on bullion and electronic items is set to increase after this meeting...
Remember, yesterday prices of ETHANOL were raised by 25 percent... that was done to encourage the sugar mills to produce more ETHANOL... government is planning to mix ETHANOL in diesel... this will help in two ways...
1. Crude iol import would be reduced by 10/15%
2. Diesel will be available for 50/55... which is currently 72+
Government is planning to take further steps to ensure that INR will reach <70 without PUMPING dollars or any negative impact on domestic market...
Initially they have decided not to INTERVENE...
Aryan0395
FULL MEMBER
- Joined
- Sep 12, 2018
- Messages
- 1,134
- Reaction score
- -3
- Country
- Location
If ur intelligence is sample of average pakistani and their financial acumen, no wonder Pak is reeling from balance of payments crisis and needs another bailout of as much as 11-12 billion dollars...:/
BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
I am not a financial expert bro I am just a poor little frame. You don't need to expose me I am just another noob on pdf. Yes in 2 day like every week RBI will release its report on the standing of its reserves and we will see what happened.
Novice09
SENIOR MEMBER
- Joined
- Oct 20, 2009
- Messages
- 2,802
- Reaction score
- -5
- Country
- Location
He assumes and shoot in dark... sometimes he hit the target and sometime he miss out...
if on target, he claimed to be the top most hunter...
If miss, he claim picking the gun for the first time...
But I love his passion thou...
Novice09
SENIOR MEMBER
- Joined
- Oct 20, 2009
- Messages
- 2,802
- Reaction score
- -5
- Country
- Location
@BHarwana Hey bro, today I missed your update on devaluation of INR and f**ked up status of Indian economy... following might come handy in your research... INR has gained 0.58... RBI is pumping dollar to stabilise INR 
, let us see till when they can use such BAD tactic... by the way, Apple are available at 80/kg decrease of rs 20 from yesterday... I told the hawker that diesel prices are up so price of Apple should also increase and he laughed at me...
, let us see till when they can use such BAD tactic... by the way, Apple are available at 80/kg decrease of rs 20 from yesterday... I told the hawker that diesel prices are up so price of Apple should also increase and he laughed at me...
BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
@BHarwana Hey bro, today I missed your update on devaluation of INR and f**ked up status of Indian economy... following might come handy in your research... INR has gained 0.58... RBI is pumping dollar to stabilise INR
View attachment 498893
You are not missing my updates you economy is drowning. RBI is pumping in foreign reserves to support rupee and tomorrow is Saturday when RBI declares its reserves let's see how many RBI lost to take rupee up
BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
Asia's worst performing currency has started to drop again after a small gain due to the intervention of RBI rupee started sliding to low value again and crossed 72.10 and falling against USD.
@Novice09 This is such a bad news for Indian economy. It is so bad and very sad news for failing India. Economy even the rupee is still free falling after all the efforts of RBI.
@Novice09 This is such a bad news for Indian economy. It is so bad and very sad news for failing India. Economy even the rupee is still free falling after all the efforts of RBI.
Novice09
SENIOR MEMBER
- Joined
- Oct 20, 2009
- Messages
- 2,802
- Reaction score
- -5
- Country
- Location
@BHarwana
GOI is already aware of your concerns and they are taking care of it...
Govt steps in to shore up rupee, curb current account deficit
https://timesofindia.indiatimes.com..._medium=referral&utm_source=native_share_tray
GOI is already aware of your concerns and they are taking care of it...
Govt steps in to shore up rupee, curb current account deficit
https://timesofindia.indiatimes.com..._medium=referral&utm_source=native_share_tray
BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
GOI is trying it best to change the situation and GOI has been useless so far.
Indian Rupee continues to decline. 72.12 and falling.
BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
India is in economic crises and this situation will get worse over time.
To hide its shame of depleting foreign reserves RBI released the data of Sep 7th instead of current lol. The current data show the foreign reserves are at much lower point.
To hide its shame of depleting foreign reserves RBI released the data of Sep 7th instead of current lol. The current data show the foreign reserves are at much lower point.
Similar threads
