Irrelevant post reported. Bad trolling....
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That's why a developing country needs to have a positive trade surplus, no matter how small.
It gives you a lot of financial firepower (spare currency reserves) so you can fix situations just like this.
Even Germany was able to do the best in Europe because their export surplus gave them so much room to maneuver.
The cause is pretty obvious. The current pull back by the US Federal Reserve means that dollar would be tight in the coming future. So companies are buying dollar as much as they can. Secondly the huge Gold import has to be curved, reduce or stop import of Gold or put limit on the sale of gold, to rein in the current deficit. Thirdly the Chinese banks have reduced the money they lent out to people. When the two largest economies are pulling back and tightening the cash flow this is bound to happen.
Gold also creates huge devaluation of the currency because of the deficit. What is good for some is not good for all.
Well what you say is true nonetheless,The government is trying to compensate. But Why do we use USD$? in international market?cos every oil/gas/petrol is done in American dollars$.Does america control saudi arabia? or others who produce OIL/GAS/PETROL? There is an alternative called Solar energy etc. Why not utilise that?No more tricks,RBI won't sell its precious Dollar reserves to stabilize Rupee.In reality the fall of rupee is not the disease its the cure of the disease that is high inflation which has pushed up the cost of Indian products in global markets leading to a massive trade deficit.The rupee needs to fall if India is to maintain its global competitiveness.I will say let it fall all the way down to 65.
Hmm we do have tricks up our sleeves,Weren't you the one who said 3000 pound deposit for getting chinese visa for a indian,a s indians overstay? you got official PRC data to show this is the fact? or you vomiting whatever you can whenever you can?And now is closing to the end of June which is a long way to the end of September
RBI do still have some tricks up their sleeves why they are not using its not upto me!
Well what you say is true nonetheless,The government is trying to compensate. But Why do we use USD$? in international market?cos every oil/gas/petrol is done in American dollars$.Does america control saudi arabia? or others who produce OIL/GAS/PETROL? There is an alternative called Solar energy etc. Why not utilise that?
Well you have to import solar panels for that you need solar panels.Even to manufacture solar panels locally you need to import capital goods and raw material.For all of these you need dollar.Besides Solar Power is an emerging Technology it need time to be matured.By 2020 we plan to have around 20GW Solar power.But you are still right Solar power power can bring down oil import bill big time.
Irrelevant post reported. Bad trolling....
Maybe the Internet at Indian call centers isn't working well?
What does it mean..all you got is some stupid emoticons....
... Yeah Yeah,Some might say your Frankenstein Banking system is a bigger worry.Last week RBI data shows an increase of 900 million Dollar.It goes up and down from time to time.We have plenty of expats who sends a lot of money here.
Forex Reserves increased by USD 982.3 million to 290.658 billion
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