Advanced Vedic mathematical formulas?
Indian Economics Thread II
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PiSigma
"the engineer"
I'm sure of it. Where 1% is 10%...
Didn't they also say they want to reduce the value of rupee to promote export? I guess they need to grow 20% a year.
Sacrificing 20 million Indian lives, they chose to send the medicines and vaccines to other countries instead. Because they felt other countries lives' worth more than Indian lives. So selfless of India!
Truly a moral leader in this depraved age. Go India!
Huh. So a couple falling in love on a train caused India to be hammered and disgraced from the Cricket World Cup.
At this point India is playing 4D chess whose logic, we, mere mortals, cannot comprehend
Sure, if they can convince the world to drink cow-piss beer and eat cow shit cookies...
But the reality is that they're running a massive trade deficit, and they're bleeding foreign reserves.... Jai Hind!
India's foreign reserves drops by $1.09 bn to stand at $529.99 bn: RBI
Published on Nov 11, 2022 07:51 PM IST
Foreign currency assets (FCA), a major component of the overall reserves, decreased by USD 120 million to USD 470.727 billion during the week to November 4.
India's foreign exchange reserves dropped by USD 1.087 billion to stand at USD 529.994 billion for the week ended November 4 on a sharp decline in the gold reserves, the Reserve Bank said on Friday.
In the previous reporting week, the reserves had swelled by USD 6.561 billion to reach USD 531.081 billion, making it the biggest weekly jump in a year.
In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused by global developments.
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Foreign currency assets (FCA), a major component of the overall reserves, decreased by USD 120 million to USD 470.727 billion during the week to November 4, according to the Weekly Statistical Supplement released by the RBI.
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.
The gold reserves dropped by USD 705 million to USD 37.057 billion, it said.
The Special Drawing Rights (SDRs) were down by USD 235 million to USD 17.39 billion.
The country's reserve position with the International Monetary Fund (IMF) also dipped by USD 27 million to USD 4.82 billion in the reporting week, the apex bank data showed.
Nah seems I slept too late these days. I need to go to bed earlier today.
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