India’s forex reserves increase by $11.9 billion to hit $534.5 billion

[Imran Khan]

its from ahmedabad based website surrender modis shining gujrat

India is bankrupt. Just surviving on loans. India has been cancelling many defense projects due to lack of money.

i don't think so india is doing good and who know what is future of these debt lets enjoy free money till we have it man . may be world have to restart one day with 0 debt from starting

BTW i am watching post apocalyptic movies these days where no one repay debt

 

[- Singh Saab -]

its from ahmedabad based website surrender modis shining gujrat



i don't think so india is doing good and who know what is future of these debt lets enjoy free money till we have it man . may be world have to restart one day with 0 debt from starting

BTW i am watching post apocalyptic movies these days where no one repay debt

vaise koi vdia ji movie recommend krreyo?

 

[Imran Khan]

vaise koi vdia ji movie recommend krreyo?

ayee lo pa ji

30 moviyaan jo dil kary vekho naly beer peo
https://www.thecinemaholic.com/best-post-apocalyptic-movies/

 

[Chhatrapati]

indian debt 563.9 billion

It'll be an interesting take when our forex passes $563.9 billion.

 

[- Singh Saab -]

ayee lo pa ji

30 moviyaan jo dil kary vekho naly beer peo
https://www.thecinemaholic.com/best-post-apocalyptic-movies/

Vaise jo Matrix movie aa, mere school vich 9th class ch students nu dikhaai si, baaki saare gore students ne pehla vi dekhi hui si, mai pehli vaar dekh reha si, saari movie mere sir de uppro lng gi - kuch ni plle peya mai bs sochi jaava yaar aha ho ki reha aa

 

[Imran Khan]

It'll be an interesting take when our forex passes $563.9 billion.

AT THAT TIME DEBT WILL BE 590BN$ debt is increasing every second my dear sir

look here how fast its increasing every second
https://www.usdebtclock.org/world-debt-clock.html

 

[Chhatrapati]

I know reserves are good to keep currency rates stable, what else?

Explained well in the news itself. Among other things.

“Finally, Indian corporates should be able to raise money abroad cheaper. On balance, we continue to expect the RBI to continue its asymmetrical forex policy of buying forex when dollar weakens and allowing depreciation if it strengthens. Our BoP estimates place FY21 RBI forex intervention at $45 billion. The RBI will likely be able to sell $50 billion to ward off any speculative attack on the rupee,” the report stated.

 

[- Singh Saab -]

Explained well in the news itself. Among other things.

So what they are saying is also basically that reserves will help keep currency stable?

 

[Chhatrapati]

AT THAT TIME DEBT WILL BE 390BN$ debt is increasing every second my dear sir

look here how fast its increasing every second
https://www.usdebtclock.org/world-debt-clock.html

Imran sb, I wouldn't be too concerned about "Debt". Most of our debts are incurred by private entities. Although the Indian banks (indirectly RBI) are the guarantor, any crisis happens only when all those companies goes under all at once, which never happens. Here is how our debt is

 

[Osiris]

can you chew your food without pakistan mantra ? this thread is about india not pakistan . as soon as we discuss south Asians they start bashing pakistan to look good . pakistan have own problem and other story . how long you guys will keep hiding behind pakistan ?

Your English had really improved, compared to when you started out on this forum.

 

[Chhatrapati]

So what they are saying is also basically that reserves will help keep currency stable?

yes and not just that, it will help Indian entities to acquire more finances from abroad as well.

Forex are basically a waste of resources but an essential waste of resources. Apart from a guarantee and a slight return in the bonds, although it's close to 0%, there is not many advantages for keeping high forex.

It's like the cash you keep in your locker without spending it. Except the locker will be in different countries.

 

[Indos]

Remittances and Exports.

Can you post us a link of Indian trade surplus during first semester of 2020 and July ???

I get the impression that this increase is more due to loan in USD. Not really surprising since India need to borrow money to fund its huge Covid 19 stimulus.

 

[HalfMoon]

Can you post us a link of Indian trade surplus during first semester of 2020 and July ???

I get the impression that this increase is more due to loan in USD. Not really surprising since India need to borrow money to fund its huge Covid 19 stimulus.

That was a joke. Indian foreign reserves are due it its loans.

Indian foreign loans always lead Indian foreign reserves.

 

[Imran Khan]

Your English had really improved, compared to when you started out on this forum.

ohh common you have never read my pre-2010 posts dear

 

[Imran Khan]

Can you post us a link of Indian trade surplus during first semester of 2020 and July ???

I get the impression that this increase is more due to loan in USD. Not really surprising since India need to borrow money to fund its huge Covid 19 stimulus.

india is doing same as egypt borrow and increase Forex reserves but this model failed in egypt .