Indian Rupee dives a new record low against dollar

[Chinese-Dragon]

There is a news report today that India would use some reserve crude purchased previously till either Dollar or crude price cools.
I'm not sure if we have a capacity to store reserve for couple of months to be in situation to offset this price shock.
Right now we are banking on political situation on international fora to improve. It's a wait and watch scenario unfortunately.

Sir, I remember people used to argue with me that the Indian economy was much less vulnerable to external shocks than countries like China, due to India's focus on their "domestic economy".

What do you think happened to turn the tables like this? Why has India now become so vulnerable to external shocks such as those that come out of Donald Trump's mouth every other day?

 

[prashantazazel]

Correction-- just a good high(not an all time high).
Markets look volatile, but a few companies are really pushing it.
There will be small corrections(long overdue) in the short term. Long term-investors get really rich.
It will be a good time to buy soon.

 

[pothead]

Nifty at an all time high today.

And because of that all the "well wishers" who actively posted 23 pages of "concerns for India" have vanished

 

[Shankranthi]

Big Blow to India as Median salary grows by 9%

https://swarajyamag.com/insta/manuf...years-as-median-gross-salary-grows-9-per-cent

Manufacturing ‘Pays’: Wages Record Highest Growth In Three Years As Median Gross Salary Grows 9 Per Cent

According to reports, the median gross salary in the manufacturing sector witnessed a 9 per cent jump which is indicative of a pick up in local manufacturing activity especially in sectors such as steel, auto, chemicals and energy.

As per the Monster Salary Index (MSI), manufacturing was the second highest earning sector in the country with the Information Technology field retaining its numero uno position as it pays a median wage of Rs. 317.6 per hour. However, the IT sector’s wage increase was 17 per cent lower than the previous year resulting in a majority (51 per cent) expressing dissatisfaction with their jobs.

Expressing bullishness over the manufacturing prospects of the country, an official from Monster.com said “as Industry 4.0 continues to gain acceptance and reshapes the manufacturing industry, India is well positioned to become one of the largest manufacturing economies in the world. The momentum is mirrored by the increased median gross hourly wage recorded for the manufacturing sector in the Monster Salary Index”.



https://www.thehindubusinessline.co...-in-3-years/article25036004.ece?homepage=true

‘Manufacturing sector sees 9% hike in median gross salary in 3 years’

 

[Beast]

Big Blow to India as Median salary grows by 9%

https://swarajyamag.com/insta/manuf...years-as-median-gross-salary-grows-9-per-cent

Manufacturing ‘Pays’: Wages Record Highest Growth In Three Years As Median Gross Salary Grows 9 Per Cent

According to reports, the median gross salary in the manufacturing sector witnessed a 9 per cent jump which is indicative of a pick up in local manufacturing activity especially in sectors such as steel, auto, chemicals and energy.

As per the Monster Salary Index (MSI), manufacturing was the second highest earning sector in the country with the Information Technology field retaining its numero uno position as it pays a median wage of Rs. 317.6 per hour. However, the IT sector’s wage increase was 17 per cent lower than the previous year resulting in a majority (51 per cent) expressing dissatisfaction with their jobs.

Expressing bullishness over the manufacturing prospects of the country, an official from Monster.com said “as Industry 4.0 continues to gain acceptance and reshapes the manufacturing industry, India is well positioned to become one of the largest manufacturing economies in the world. The momentum is mirrored by the increased median gross hourly wage recorded for the manufacturing sector in the Monster Salary Index”.



https://www.thehindubusinessline.co...-in-3-years/article25036004.ece?homepage=true

‘Manufacturing sector sees 9% hike in median gross salary in 3 years’

If your rupee fall by 15 percent and your economy grow by 9%. I don't think that is positive.

 

[Shankranthi]

If your rupee fall by 15 percent and your economy grow by 9%. I don't think that is positive.

Fall in rupee results in Inflation. Inflation is part of GDP growth calculation. More inflation means more growth as per GDP.

 

[moweike]

Fall in rupee results in Inflation. Inflation is part of GDP growth calculation. More inflation means more growth as per GDP.

This is hyperinflation, if it is possible, Why don't you devalue like the Zimbabwean currency?

 

[Shankranthi]

This is hyperinflation, if it is possible, Why don't you devalue like the Zimbabwean currency?

cause in modern economic theory, one need to have a bit of inflation to keep the economy moving. Other wise the economy stagnates if there is no inflation.

 

[pothead]

If your rupee fall by 15 percent and your economy grow by 9%. I don't think that is positive.

What does the below tell u?

 

[moweike]

cause in modern economic theory, one need to have a bit of inflation to keep the economy moving. Other wise the economy stagnates if there is no inflation.

yes, Inflation rate is too low = deflation
Inflation rate is too high = hyperinflation
Prices will grow~~Currency will depreciate~~Purchasing power will drop ~~Trade deficit becomes bigger~~fiscal deficit become bigger~~ Bank interest rates increase, need to pay more debt interest~~Will also erode financial markets————This is hyperinflation ,Do you think it is good?

 

[pothead]

yes, Inflation rate is too low = deflation
Inflation rate is too high = hyperinflation
Prices will grow~~Currency will depreciate~~Purchasing power will drop ~~Trade deficit becomes bigger~~fiscal deficit become bigger~~ Bank interest rates increase, need to pay more debt interest~~Will also erode financial markets————This is hyperinflation ,Do you think it is good?

Against Dollar, every currency including Indian Rupee has been doing bad.

Do you know the other part of the news?
Indian Rupee has been doing spectacularly well against every other currency, including your own.
That should say something to you

 

[moweike]

What does the below tell u?

Stable at high position?

 

[Shankranthi]

yes, Inflation rate is too low = deflation
Inflation rate is too high = hyperinflation
Prices will grow~~Currency will depreciate~~Purchasing power will drop ~~Trade deficit becomes bigger~~fiscal deficit become bigger~~ Bank interest rates increase, need to pay more debt interest~~Will also erode financial markets————This is hyperinflation ,Do you think it is good?

First learn the difference between Inflation and Hyper inflation.

Then we can talk.

 

[moweike]

Against Dollar, every currency including Indian Rupee has been doing bad.

Do you know the other part of the news?
Indian Rupee has been doing spectacularly well against every other currency, including your own.
That should say something to you

Have you forgotten that India is a trade deficit? It seems that India oil 87% depends on imports,These are paid in us dollars.

First learn the difference between Inflation and Hyper inflation.

Then we can talk.

India’s inflation is now out of control ,What are you waiting for?

 

[Shankranthi]

Have you forgotten that India is a trade deficit? It seems that India oil 87% depends on imports,These are paid in us dollars.

India’s inflation is now out of control ,What are you waiting for?

I don't have to do anything, we have a government Elected to power who will take care of it for us

How much of oil does china import ? lol.