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Forex reserves of India

psycothaatha

By psycothaatha
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  • 3 weeks later...
Maryadaramanna Celebrity

Maryadaramanna

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The main reason I believe is because of the biggest purchase of bullion during 2006 times. Appati rbi governor and pm man mohan Singh secret ga konnaru kada. Gold was 10lakhs per kg back then. Now it’s 55 lakhs. 

karthik25 Hero

karthik25

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11 minutes ago, Maryadaramanna said:

The main reason I believe is because of the biggest purchase of bullion during 2006 times. Appati rbi governor and pm man mohan Singh secret ga konnaru kada. Gold was 10lakhs per kg back then. Now it’s 55 lakhs. 

Out of the 523 Billion, gold contribution is only 36 Billion. 

Ref: https://rbidocs.rbi.org.in/rdocs/Wss/PDFs/2T_31072020CB0DD5B50FD64B4B89EFEE54D6273360.PDF

Make in India valla companies are investing heavily in India. that is main reason. Oil prices taggadam second reason. MMS/Chiddu/RaghuRajan time lo forex was flat. Paina graph undi ga..

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Badi_Chowdi

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I think corona valla oil consumption, gold consumption baaga taggipoindi saving  considerable forex..

Indians obsession with gold inkastha taggithe better..

  • 1 month later...

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