Comments by "红火树 RedFireTree" (@firetree2007) on "India's forex reserves fall below $550 bn for first time since 2020 I key details" video.

  1. "In the week ending September 16, the foreign currency assets stood at $484.901 billion, gold reserves at $38.186 billion and special drawing rights at $17.686 billion." Compare, China' FER: $3.1 trillion
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  2. when India got independence, a rupee was a $, now? a $= 81.26 rupee. hahah :)) One reason for the rapid drop of India FER is India central bank is using it to buy rupee to prevent it drop too fast, however, due to the US raise interest rate, it does not work very well, usually with cheaper currency is not a bad things for an exporting country, such as China, since it will make buying goods from that country cheaper, but it is bad for a country with huge importing, such as India, since it will make buying from other countries more expensive.
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  3.  @BabaYaga826  this is India news channel. i only compare India with others
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