US adds India to currency manipulator watchlist

[JackSeal]

What does it mean?

[soodhilodaaram]

1 minute ago, JackSeal said:

What does it mean?

india should stop buying from US ani meaning

or

India put too many controls on funding meant for conversions ani koda anukovachu

[Telugodura456]

1 minute ago, JackSeal said:

What does it mean?

It shows how us really sees india despite all the sanka naakudu.

[modi_bhakth]

1 minute ago, JackSeal said:

What does it mean?

Adding next to china

[soodhilodaaram]

Just now, Telugodura456 said:

It shows how us really sees india despite all the sanka naakudu.

sanka naakudu for our reasons, work out avvaaka povadam another issue

sanka naakudu gurinchi nuvve cheppale  @Guttermost

[Telugodura456]

Just now, soodhilodaaram said:

sanka naakudu for our reasons, work out avvaaka povadam another issue

sanka naakudu gurinchi nuvve cheppale  @Guttermost

work out kaadhu anthe. Evadishta padthaad mee mohalni.

[afacc123]

It is a US made list, they can add whoever and whenever. It’s their own internal view not relevant to us.

The central banks of all nations act in a manner that is beneficial to their respective nations. The US central bank has been manipulating its currency to give it an upper hand in the trade war with China, and in the process, Indian currency and economic interests were getting trampled. So the RBI stepped in and did currency swaps with Japan, we bought gold, we bought US $ bonds to hedge against America’s mischief. There was also a lot of USD $ printing done by the FED and this liquidity was injected into India through FDI and FII (foreign mutual funds) route. All of this resulted in artificial fluctuation in the value of Indian currency. It was an act of self defense for the RBI to buy US$ to counter-this unwanted side-effect. The US could have chosen to ignore it but in response to this, the US has thrown a tantrum and declared India a currency manipulator.

This is a classic case of pot calling the kettle black. If they feel India is a miscreant, they are welcome to withdraw their Walmart, iPhone and all other US investments made on Indian soil, otherwise why do business with India if they feel we are not up to the mark? They are calling us manipulators and still doing billions of dollars worth of business with us. What does that say about their moral position?

It makes no real impact to India other than the intended consequence that the US wants to create some temporary bad vibes scenario to hurt domestic American sentiment that might prevent Americans from buying Indian products, but there aren’t many products we export to the US, at least, not in the scale which the US exports iPhones to India. If the trade sentiment gets ruined because of this currency tantrum whose business will hurt more?

They tried the same tantrums during the Harley Davidson fiasco, remember? Later Harley Davidson has shut shop and left India for good. Who lost? more than 10 foreign automobile brands are thriving in India and making profits, it is Harley who lost the market share. KTM, BMW, Kawasaki, Honda, Ducati, Suzuki, Husqvarna, KIA, MG, Nissan, Audi, Renault all can operate fine under the same Indian laws, even American brand Jeep Compass made profits here but only Harley has a problem? Then, bye.

Let them do it, they have done it in the past, made no difference to us. It hurt them more than us. They even sanctioned India for refusing to follow American diktat about not buying oil from Iran, and India responded by paying Iran in gold instead of Indian currency. India cannot be blackmailed. We also do not pick fights, but when we are right, we stand our ground, and the other side usually gets egg on their face, as the US will soon find out.

India will not make exceptions just because America throws a tantrum. We are open to collaboration that benefits both, like iPhone-Jio, Flipkart-Walmart. We will not give in to one sided bullying that benefits USA at the expense of Indian interests.

[Raven_Rayes]

6 minutes ago, soodhilodaaram said:

india should stop buying from US ani meaning

or

India put too many controls on funding meant for conversions ani koda anukovachu

what an idiotic bigot.

[Raven_Rayes]

8 minutes ago, JackSeal said:

What does it mean?

it just means India is buying more US dollars than usual. or has experienced a sudden influx of FDI unexplained by its production or export numbers or some such sh1t.

its basically the US telling the financial markets that India is undervaluing its rupee... which is a big joke. 

If anything, rupee is overvalued. and It must drop to below 100 for India to become competitive in the world markets.

[soodhilodaaram]

3 minutes ago, Raven_Rayes said:

what an idiotic bigot.

thanks ra erri fooka

[Raven_Rayes]

4 minutes ago, soodhilodaaram said:

thanks ra erri fooka

HIndutva fcuks are all consistently dumb with an extreme sense of self importance. It'll be funny if these dumbfcuks aren't in power.

[soodhilodaaram]

2 minutes ago, Raven_Rayes said:

HIndutva fcuks are all consistently dumb with an extreme sense of self importance. It'll be funny if these dumbfcuks aren't in power.

nice happened kada

[Ryzen_renoir]

24 minutes ago, JackSeal said:

What does it mean?

RBI is hoarding dollars to as it expects INR to weaken in the short term.

Have you noticed all major currencies have appreciated against dollar in recent months except india ?

[Raven_Rayes]

12 minutes ago, soodhilodaaram said:

nice happened kada

telika pothey g mooskoni undaali ani nerchuko ra bujji. lol.

[Kreole_]

1 hour ago, Telugodura456 said:

work out kaadhu anthe. Evadishta padthaad mee mohalni.

Nee moham kooda India mohamey kadha.