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Indian rupee hits all time low.

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Mufflerman said:
Paaaaki clowns ignore that paaaki rupee is in the toilet but dare to comment on INR which is the only EM currency that has endured the crisis without the RBI even needing to step in.
Enough muzzie secular trolls in India to support paaaki clown theories
Click to expand...
Pakistan dollar has Chinese money to depend on. India has nothing and backer to rely on.
 
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Vijay Yadav Royal said:
Not a big deal.
Rupee decrease in the last week is solely because of collapse of Turkush Lira, thus it is not because of weakness of economy but because of external factor.
Most non dollar currency has fallen in last 1 week due to Lira downfall especially emerging ones.

https://twitter.com/x/status/1028820454402715648

https://twitter.com/x/status/1028853261137141762

https://twitter.com/x/status/1029262978716037120

https://twitter.com/x/status/1029241077046247424
Click to expand...


No Those Are Just Excuses The Lira Has Rebounded But Rupee Is Still Going Down

https://www.theguardian.com/busines...-germany-growth-uk-unemployment-business-live
 
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BHarwana said:
Lol seriously. You more than anyone else has been following this and I know it. Modi wasted $25 billion to support rupee and still he could not stop it. Foreign reserves of India are still declining and India has to pay $222 billion in March 2019. You tell me what is going on?
Click to expand...
Ya following your thread since you assumed a successful role of fortune teller in economics ..
It is not waste .RBI is just absorbing extra rupees in the market and returning needed $ for time being .When rupee gains RBI will float it back absorbing extra $ in the system .So its continuous process not wasting anything .If you give last ten year data about loan payment and reserve back up then only one can analyse situation is bad or good .Absolute numbers always misguide without supporting data ..
 
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Beast said:
Pakistan dollar has Chinese money to depend on. India has nothing and backer to rely on.
Click to expand...
Pak dollar is getting stronger after getting 30 bn dollar another loan from china to pay Chinese loan .
 
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Mufflerman said:
Paaaaki clowns ignore that paaaki rupee is in the toilet but dare to comment on INR which is the only EM currency that has endured the crisis without the RBI even needing to step in.
Enough muzzie secular trolls in India to support paaaki clown theories
Click to expand...


ROFL Which Planet Are You Living In Randian.Your RBI Has Had To Spend $25 Billion Dollars Uptil Now Just To Support Your Rupee And Still It Couldn't Succeed
 
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zip said:
Ya following your thread since you assumed a successful role of fortune teller in economics ..
It is not waste .RBI is just absorbing extra rupees in the market and returning needed $ for time being .When rupee gains RBI will float it back absorbing extra $ in the system .So its continuous process not wasting anything .If you give last ten year data about loan payment and reserve back up then only one can analyse situation is bad or good .Absolute numbers always misguide without supporting data ..
Click to expand...

Agreed but this is done for short-term and the problem here is that rupee continues to fall and RBI has been unable to control the out flow of dollar. It would have been successful if fall stopped but it is not stopping and now when RBI trays to make the buyback rupee will crumble.
 
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zip said:
Ya following your thread since you assumed a successful role of fortune teller in economics ..
It is not waste .RBI is just absorbing extra rupees in the market and returning needed $ for time being .When rupee gains RBI will float it back absorbing extra $ in the system .So its continuous process not wasting anything .If you give last ten year data about loan payment and reserve back up then only one can analyse situation is bad or good .Absolute numbers always misguide without supporting data ..
Click to expand...


Extra Rupees?????? Dude Your Market Is Suffering From Really Tight Liquidity Right Now

https://indianexpress.com/article/business/rbi-challenge-protect-rupee-cash-5289824/

Vijay Yadav Royal said:
Nope.
Lira is still down 35-40% compared to 1 week back.
Click to expand...

Still Recovered 5% Within One Day While Rupee Is Still Sliding
 
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BHarwana said:
Agreed but this is done for short-term and the problem here is that rupee continues to fall and RBI has been unable to control the out flow of dollar. It would have been successful if fall stopped but it is not stopping and now when RBI trays to make the buyback rupee will crumble.
Click to expand...
Let's see ..It's global phenomenon ,Dollar is strengthening against other currencies not India specific .
 
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