Comments by "Raju" (@rajx7120) on "Key nuances as Rupee falls past 86 to US $. Why it keeps hitting its 'lifetime low' almost each day" video.

  1. Despite that, inflation was lower in bhakt-kaal.
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  2. Exports are not falling. Trade deficit is increasing though. Main cause of INR fall is, high interest rates in the US, and Fed signalling slower rate cuts. We need to convince Punjab farmers to start growing oilseeds and pulses, instead of rice. And same in Vidarbha, in place of sugarcane.
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  3. FCNR deposits with India, give you 5.85% for NRI.
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  4. I don't think he explained anything. He didn't talk about effect of US Fed decision to go slow in rate cuts. Prof Ila Patnaik would have explained that beautifully.
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  5. No. It's like saying, the company's share price is going down. That doesn't always correlate with company profits. When US dollar is more attractive then, everything else falls - stocks and foreign currencies.
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  6. @thyagarajanriyer3284  Aah, retired uncle spotted. Sorry uncle, interest rates should be low to help economic growth for the sake of young ppl, rather than helping with savings of non-working retirees. And in last 2 years, interest rates have actually been high, thanks to the fact that RBI must always keep Indian interest rates higher than US interest rates, otherwise there will be capital flight.
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  7. @thyagarajanriyer3284  Perhaps, you should blame your state govt for high petrol taxes, if you are not benefiting from any welfare schemes. Maybe, that's why you are facing more inflation.
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  8. @sujithkvarghese5616  Good question. There is a thing called credit rating. I should have said credit adjusted interest rate. India's credit rating is BBB-, whereas America is AAA. So, 4.5% at AAA is better than 6.5% at BBB- . There is actually discrimination against India, because even through our fiscal deficit has been low for a decade, the Western credit agencies never upgrade us, but America that's borrows like crazy is never downgraded. So, when Fed says, that they will not cut interest rates in 2025, then capital flight happens in advance. At some point India will have to cut rates, to boost our economy. Dollar is overvalued with Dollar index at 109.
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  9. @sujithkvarghese5616  Is Swiss Franc the reserve currency of the World? How large is the Swiss economy compared to America? Naive questions from you, out of political bias.😂😂
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  10. @sujithkvarghese5616  I answered each of your questions. You didn't answer mine, other than divert.
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  11.  @sujithkvarghese5616  I answered every question of yours. You didn't answer mine. You tried to use fallacies.
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  12. Anyone who cares about rupee, should talk about reducing imports like energy and oilseeds. Both are a work in progress. But fundamentally farm reforms and labour reforms are necessary.
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  13. No. Inflation is the main concern. Inflation has been lower during Modi era.
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  14. Please bring back Prof Ila Patnaik. She would explain the effect of high interest rates in the US, and Fed signalling slower rate cuts.
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