Friday, December 26, 2008
India makes dollars and loses rupees
And in rupee terms, we are at 11.98 lakh cr. versus 12.20 lakh crore last week, a loss of 22,000 cr. The loss is probably due to the rupee's gain of around 2%. But it's an irony - you gain dollars, you lose rupees.
Also it seems like Government securities have had a huge inflow - over 200,000 cr. in the week ended 19th Dec. Has gone up considerably from the 100,000 cr. or so average of the last four weeks.
1 Comments:
I emailed you about the India trip but it may have missed the inbox. I'll be in Mumbai from Jan 3-16. I'm happy to accommodate your schedule in any way since you are likely busy taking care of the family. Anyway, I'm really looking forward to the trip and seeing India.
Regards,
Max
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