BJP’s fate in the second phase of 2024 Lok Sabha election will be decided in Karnataka, Rajasthan, and Maharashtra, where it performed very well in 2019 but faces a stiff competition now.
The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.
Another addition to military cooperation has been the Strategic Space Dialogue, inaugurated in Paris in 2023. Last month, India participated as an observer to France’s AsterX.
NRI Bonds interest rate will OBVIOUSLY be very high,when India’s US Treasury Holdings of US Dollars 148 Billion fetches a measly 2.85 percent.It is better to withdraw the necessary amount from the above US Treasury Holdings. Similarly the Rs 1.3 trillion Bond forces India to give an interest of 7.5 to 8.1 percent,while getting 2.85 percent for its US Treasury Holdings.This is equal to a LOSS Rs 6000 Crores per annum. It is better to get this amount also from the US treasury Holdings and cancel the Bond Issue till such time,when the rates equalize.
Issue of NRI bonds is not required at this stage. Forex reserves are about $ 400 billion. Not the situation India faced in 1991 or Pakistan does today. The RBI ought not to have used up part of its reserves to defend the rupee, beyond a little evening out of volatility. The sharp depreciation of INR this year, when the currencies of Thailand, even China, have weathered the storm points to our inability to pay for imports with exports. FPIs are negative this year, about $ 7 billion so far. With Goldman Sachs saying that our equities are overvalued, the act of borrowing today to pay for the day after will become more difficult. One cannot expect the government to do in its last six months the sort of reformist work it ought to have been doing so far, but the agenda for the next government is being drafted.
Thanks for the great info! Looking forward to more updates on this.
NRI Bonds interest rate will OBVIOUSLY be very high,when India’s US Treasury Holdings of US Dollars 148 Billion fetches a measly 2.85 percent.It is better to withdraw the necessary amount from the above US Treasury Holdings. Similarly the Rs 1.3 trillion Bond forces India to give an interest of 7.5 to 8.1 percent,while getting 2.85 percent for its US Treasury Holdings.This is equal to a LOSS Rs 6000 Crores per annum. It is better to get this amount also from the US treasury Holdings and cancel the Bond Issue till such time,when the rates equalize.
Issue of NRI bonds is not required at this stage. Forex reserves are about $ 400 billion. Not the situation India faced in 1991 or Pakistan does today. The RBI ought not to have used up part of its reserves to defend the rupee, beyond a little evening out of volatility. The sharp depreciation of INR this year, when the currencies of Thailand, even China, have weathered the storm points to our inability to pay for imports with exports. FPIs are negative this year, about $ 7 billion so far. With Goldman Sachs saying that our equities are overvalued, the act of borrowing today to pay for the day after will become more difficult. One cannot expect the government to do in its last six months the sort of reformist work it ought to have been doing so far, but the agenda for the next government is being drafted.