India's forex reserves swell to lifetime high of $476 billion

[kaykay]

The country's foreign exchange reserves swelled by $3.091 billion to a lifetime high of $476.092 billion in the week to February 14, mainly due to a rise in foreign currency assets, according to the RBI data.

In the previous week, the foreign exchange reserves had increased by $1.701 billion to $473 billion.
Foreign currency assets, a major component of the overall reserves, rose by $2.763 billion to $441.949 billion in the reporting week.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves rose by $344 million to $29.123 billion.

The special drawing rights with the International Monetary Fund (IMF) were down by $6 million to $1.430 billion.

The country's reserve position with the IMF also declined by $9 million to $3.590 billion, the data showed.

https://m.businesstoday.in/story/in...-a-lifetime-high-of-476-billion/1/396684.html

 

[HAIDER]

Trump is coming for pay back ...

 

[AZADPAKISTAN2009]

1.2 Trillion Down the rabbit hole
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[Chanakyaa]

1.2 Trillion Down the rabbit hole
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Its better to keep mum when you have ZERO understanding of economics.
Go and see why India is at 23rd Place. : https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

btw... Do you know that a SINGLE Temple in India Holds $1 Trillion Dollars ?

FORBES :

A One Trillion Dollar Hidden Treasure Chamber is Discovered at India's Sree Padmanabhaswamy Temple

https://www.forbes.com/sites/jimdob...dias-sree-padmanabhaswam-temple/#b820ec31ba6a

And Worse...

https://www.businesstoday.in/curren...tonne-gold-ore-up-sonbhadra/story/396627.html

Geologists discover two goldmines having 3,350 tonne gold ore in Naxalite-affected Sonbhadra district of UP; state mining department forms seven-member team to map goldmine area

Date : Feb, 20 , 2020

 

[AZADPAKISTAN2009]

Not possible to hold 1 Trillion dollar worth of gold sorry
May be pay down the debt

 

[Chanakyaa]

Not possible to hold 1 Trillion dollar worth of gold sorry
May be pay down the debt

Well, There is a reason why India was known as" The Golden Bird" .
Why dont you ask The "Names" used by your Nuclear Missiles ?

Hint : https://en.wikipedia.org/wiki/Somnath_temple

Why dont you go and ask forbes who evaluated and published the news ?

 

[Zapper]

1.2 Trillion Down the rabbit hole
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I'm sure from your post, you suck at economics but just for conversation sake...pak's forex reserves are around $11bn. Also, China's and US debts are 5 times and 20 times higher than India...per your logic, I'm sure you'd be thinking their economies suck

 

[Chanakyaa]

I'm sure from your post, you suck at economics but just for conversation sake...pak's forex reserves are around $11bn. Also, China's and US debts are 5 times and 20 times higher than India...per your logic, I'm sure you'd be thinking their economies suck
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Dont worry. He is least interested in those figures.

 

[Zapper]

Dont worry. He is least interested in those figures.

One need to understand before being interested and from his post, it's evident he's one of the brainwashed kids on this forum who could only orgasm from such delusions with flawed understanding of the reality

 

[AZADPAKISTAN2009]

Should worry about paying debt India , debt is due

 

[Nilgiri]

1.2 Trillion Down the rabbit hole
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Leveraged over a market cap of 2.3 trillion....so leveraging around 50%. Most of this debt is in fact payable in INR domestically.

Now what are these figures for Pakistan?

250 billion leveraged over 50 billion market cap....about 5 times....10 times worse than India's rate. Made worse in recent years by the market cap halving.

Hence the constant need to go to IMF for "top off bailout" every few years and submit in humiliating way to severe taxation/inflation on your people so they cant even save to break out of the constant rut. All to keep a few cartels and powerbrokers happy.

So really, sod off from any discussion on economics...you have proven complete illiteracy on it time and time again.

 

[Krptonite]

1.2 Trillion Down the rabbit hole
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Next you'll be advocating against surgery, cause "tHaT cUtS tHe BoDy OpEn AnD tHaTs BaD". What do the people studying biology know, they must be wasting their time persuing the subject.

Have the common sense to atleast read up on the subject matter before commenting on it, lest you impart gems such as these.

Forever on the internet, a testament to your brain cells hard at work; both of them.

 

[Mace]

Not possible to hold 1 Trillion dollar worth of gold sorry
May be pay down the debt

Are you smart enough to comprehend that jewels have diamonds, rubies, etc and they are more expensive than gold and not everything is gold

 

[AZADPAKISTAN2009]

Start paying debt so it is not high

 

[SrNair]

Not possible to hold 1 Trillion dollar worth of gold sorry
May be pay down the debt

Nope.
It has the value of around 1 trillion $.
It is not the sheer quantity but invaluable historical importance makes it more valuable