The Indian rupee has sunk to record lows even as India reports a sharp drop in reserves and RBI's forex intervention has caused a massive shortage of rupees in the domestic market. In this 67th episode of @thebondeconomist, we figure out why the rupee is falling, should it fall more, how has the RBI been artificially supporting it, what are the consequences of manipulating the rupee, and have the Government and RBI decided that it's time to let go.
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#rupee #currency #indianeconomy #economy #currentaffairs #forex #indianrupee #dollar #rbi #modi #modigovernment
My channel in a nutshell:
@thebondeconomist aims to give a running commentary of what's going on with the Indian and global economy, broken down in simple terms for the general public to understand. Economics is a bit like antibiotics - you need to know what you're swallowing. There is currently a big gap between the economic analysis done for financial markets, and what's available for the general public. And this space typically gets filled either by shrill pro or anti-establishment commentators or by finfluencers. @thebondeconomist is here to bridge that information asymmetry. It aims is to explain the nuts and bolts of how economics unfolds in real life, translate how financial markets are processing economic news, and events in real time, and the right questions that you need to ask.
Stripped of jargon, stripped of political bias, and served with a touch of irreverence.
My credentials:
I am an investment bank economist with nearly a decade and a half of experience tracking the Indian economy. I have a PhD in Economics from the Delhi School of Economics and two Masters' degrees - one from the London School of Economics (MSc Finance and Economics) and the other from the Delhi School of Economics (MA Economics).
Find me:
For my news channel appearances and newspaper opinion pieces - join me at [ Ссылка ]
Seek me on Instagram - [ Ссылка ]==
Chapters:
0:00 Rupee at record low, but still overvalued
3:55 Why is the rupee falling: Dollar strength
6:19 Why is the rupee falling: India's economic problems
9:24 How India has been manipulating the rupee
11:50 Time to stop trying to control the rupee?
14:35 Is the RBI letting go of the rupee?
Data sources: RBI, PIB, MOSPI, XE, The Economic Times, Business Standard, Mint, Moneycontrol, CNBC-TV18 and other similar media outlets.
Music: Inshorts and YouTube Audio Library
Note: The information provided in this presentation are my personal views and should not be construed as the views or advice of my employer. My employer is not responsible in any manner and does not assume any liability or responsibility on your reliance with respect to the information stated here.
