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Forex $500B


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Why are forex reserves rising despite the slowdown in the economy?

The major reason for the rise in forex reserves is the rise in investment in foreign portfolio investors in Indian stocks and foreign direct investments (FDIs). Foreign investors had acquired stakes in several Indian companies in the last two months. After pulling out Rs 60,000 crore each from debt and equity segments in March, Foreign Portfolio Investments (FPIs), who expect a turnaround in the economy later this financial year, have now returned to the Indian markets and bought stocks worth over $2.75 billion in the first week of June. Forex inflows are set to rise further and cross the $500 billion as Reliance Industries subsidiary, Jio Platforms, has witnessed a series of foreign investments totaling Rs 97,000 crore.

On the other hand, the fall in crude oil prices has brought down the oil import bill, saving the precious foreign exchange. Similarly, overseas remittances and foreign travels have fallen steeply – down 61 per cent in April from $12.87 billion. The months of May and June are expected to show further decline in dollar outflows.

pratidi gujjunomics angle lo chusthe asalu secret bayatapadathadi.

as usual vishayam teliyakunda thigh slapping.....:roflmao::roflmao:

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Thanks for discovery aa matter EC article lo ne clear ga undhi 😆

but good that you read this bit and got educated  :smug:

Foreign Portfolio Investments (FPIs), who expect a turnaround in the economy later this financial year, have now returned to the Indian markets and bought stocks worth over $2.75 billion in the first week of June.

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endo illeterate sodi. FPI konukkunnaru stock in hope of recovery ante malli illeterate mind tho thigh slapping. This illeterarcy and labeling evereyone anti-nationals entha kaalam ani chestharu.

inka nayam doval ran secret operation with modi supervicion to raise forex reserves analedu. illiterate bhaktula nammina nammutharu. :roflmao:

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blind bhakts needs to read properly. It says FPIs are buying stakes in debt stuck companies like reliance + no payments going outwards for Oil purchases due to economic inactivity.

sadivi comprehend sesukodam kuda raadu bhakts ki....kikiki :roflmao:

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FDI motham cap teesi vesaru kadha after BJP coming into power chala sectors lo. This could have paved the path. The point is either congress or BJP both play this game as usual. These same parties in opposition cry that FDI should be controlled and when ruling removes all the controls. Only hoping that the FDI play is helping country some way or  the other else i am not sure why Indian Govt slowly increases the limits in the first place after every successive Govt.

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21 minutes ago, sskmaestro said:

Modi 2.0 is already a disaster dude! 

Modi 2.0 100 times disaster than UPA 2.0. during UPA 2.0 crude oil price $100 ala undedi. appudu foreign oil import bills aa $100 rate tho pay sesukuntu kuda forex reserves 300 billion dollars. ippudu oil price $30 thakkuva lo unna no bills pay sesukuntu kuda antha worst ga undi MODi 2.0

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8 minutes ago, LuvNTR said:

Modi 2.0 100 times disaster than UPA 2.0. during UPA 2.0 crude oil price $100 ala undedi. appudu foreign oil import bills aa $100 rate tho pay sesukuntu kuda forex reserves 300 billion dollars. ippudu oil price $30 thakkuva lo unna no bills pay sesukuntu kuda antha worst ga undi MODi 2.0

Heyyyy...... you should not read deep. Memu gelisaaam..... we have highest approval ratings (to disapprove) 🤣

maaku 300+ that’s our balupu.....

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1 hour ago, Rajakeeyam said:

Yes UPA2 was a disaster ani kuda chepthundhi 

Simple question - what is the crude oil price during UPA2 and what is crude oil price now ? 
 

What is the remmitance flow during UPA2 and what is it now ?

 

these 2 answers will tell you why there is an increase in forex reserves. 
 

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