Because RBI is forcing to spend BAZILLIONS of dollars to stabilize the rupee.
And if u consult the graph of gold it specifically said that we had the same amount of gold VALUE as last year and infact a 6% increase in VALUE terms. But the price of gold was actually doubled right ???
Why are andhbhakts like this ???
>>15877
That's the point of forex. It's not selling "BAZILLIONS" it defended it and has been stable for a while now.
Japan put fucking ~$73.5 billion dollars of their own.
>>15884
what then about the gold how is it different than 1991 humiliation. selling YOUR mother's and sisters mangalsutra. To timmies??
See u need to understand I'm not against spending reserves to strengthen rupee I'm against this lala thinking where the entire economy is burning and the establishment pretending that everything is fine.
Accountability matters.
>>15884
Japan follows a shock doctrine, they abruptly release massive amounts of dollars to turn whoever Jew was betting against Yen fucking bankrupt, the reason we don't do this is because we rely a lot on imports hence need a stable-ish-ly depreciating currency.
