• veerar

    The Rupee is under pressure,due to:_
    1.$ 347 Billion Fiat Forex Reserves.This makes these Fiat Currencies stronger and the Rupee weaker.
    2.Huge US Treasury Holdings.This can be reduced by $ 80 Billion
    3.Almost ZERO Gold component in the Fiat Forex Reserves. India needs 3000 MT of Gold to feel safe.
    The above will make the Rupee stronger and hence the Indians richer with the rich poor gap narrowing.