Indian Economy

[Wayfarer]

880 tonnes and counting: Why RBI keeps buying gold despite India’s 7th-largest reserves

Amid global economic uncertainties, central banks are increasing gold reserves for stability. The Reserve Bank of India significantly boosted its gold holdings, purchasing 57.5 tonnes in FY24-25 and repatriating 214 tonnes since 2022. This strategic move aims to hedge against dollar volatility...

economictimes.indiatimes.com

 

[DancingPeacock]

880 tonnes and counting: Why RBI keeps buying gold despite India’s 7th-largest reserves

Amid global economic uncertainties, central banks are increasing gold reserves for stability. The Reserve Bank of India significantly boosted its gold holdings, purchasing 57.5 tonnes in FY24-25 and repatriating 214 tonnes since 2022. This strategic move aims to hedge against dollar volatility...

economictimes.indiatimes.com

Is it gonna happen?

 

[Wayfarer]

Is it gonna happen?

What?

 

[shade2]

Is it gonna happen?

They are doing this since 2-3 years, not related to the current happenings.
Part of a long term play because in future chong will grab taiwan and the global economy and security scenario will go to shit, lots of other countries are also hoarding gold within their national borders.

RBI is also repatriating gold held in foreign banks slowly-slowly

 

[SKC]

GST Data: April total GST collections at Rs 2.37 lk cr, up 12.6% YoY (Agencies)​

View: https://x.com/ETNOWlive/status/1917880448497209838

 

[karn]

View: https://www.youtube.com/watch?v=yPxMlJXE0_g&ab_channel=DelhiDefenceReview

A good listen by Saurav Jha ...
He is saying that the trade war is a golden chance to finally get on the path to being an industrialised nation.
He also says that it is our last chance as well. (Due to demographics and other rising competition)
Terms like "We are at the cusp of destiny" are used.

 

[karn]

View: https://www.youtube.com/watch?v=bdsJWyu4J9Y&ab_channel=Mint

 

[shade2]

View: https://www.youtube.com/watch?v=bdsJWyu4J9Y&ab_channel=Mint

The more they pull stunts like this the more Apple is motivated to move production out of Chyna.

The whole point of Chyna is irrespective of any geopolitical happenings they don't touch your dhandho operations, till now that is.

Like their wolf warrior "diplomacy" blew up in their face this will too.

 

[vampyrbladez]

Bihar caste kangers with $806 per capita income.