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India’s foreign exchange reserves dropped below $600 bn, the lowest level in nearly a year. The rupee has been severely weakened due to various factors, hitting an all-time low yesterday.
#India #Rupee #Dollar
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Peace loving countries should get together levy 2% tax on all foreign trade payments made with US Dollar. Use the money to help victims of American wars rebuilt their country. This will make US Dollar undesirable.
NRI bhakts got their ache din. That's why they support modi
Soon Modi Government will bring India to Srilanka crises if they keep on depleting foreign reserves. All the best Bhakts..
I HOPE NEHRU SHOULDNT BE BLAMED FOR THIS…. LOL
That's karma for you
Yogi says Rename Rupee to dollar
Rename Rupee to dollar
India should deal with inr and other currency for business
She is good at her job.
BURN THE FOREX RESERVES ,, DOLLAR HAS NO VALUE,, HINDUO JAAGO,, DOLLAR KI GAND FAAD DALO,, ROTHSCHEILD MAFIA WORLD BANK K THROUGH HUM HINDUSTHANIYON KO GULAAM BANANE ME LAGE HUE HE
modi ji ki jai ho .hahaha
buy more oil from russia by rubble rupee payment process and export refined oil more to other countries to earn more foreign currencies. The NRIs should come forward in large numbers to send dollars to India.
India should stop helping countries like Srilanka Nepal.
Basically the reserve bank of india is screwing over the majority of the population by printing tons of rupees so the wealthy and corporations can keep their wealth as is instead of letting markets decide. Who pays for this? The working man in india and obviously the poorest. More taxes and much higher inflation ahead. Say no to corporate welfare. This is happening worldwide. They are bailing out the mega corps who do not know how to manage.
This is a global phenomenon. World flocks to the US dollar right before a global economic downturn. No other currency or asset has weathered such horrible conditions. Be prepared for what is coming if you are smart enough to read these signs.
Increase purchase of Russian oil at a discount. Stop gold imports temporarily. Exports will increase as PLI schemes kick in. India’s food, pharmaceuticals, technology services, automobiles, engineering goods, trains, electronics etc are in high demand now. Capitalize on this. Export as much as you can. Collect more taxes within the country – so much under collection of taxes in India, especially at the municipal level. Agriculture income must be taxed and undeserved subsidies must stop – however difficult politically it is to implement. India’s credit rating profile needs to improve for sure so there can be access to much cheaper corporate debt. It is not just the strengthening of the dollar that is the problem but significant wastage of resources in undeserved subsidies, poor collection of taxes, inefficient power distribution, poor agriculture exports, massive state level deficits, etc which are putting pressure on the rupee.
India should ban import of luxury goods which includes defense equipments and cars
INDIA should make it up it's dip in the FOREX reserves at the earliest at war footing.
I hope India won't face the same situation as Sri Lanka. If the prices keep on increasing the govt won't be able to control the common people wrath.
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