India central bank likely sells dollars as rupee hits fresh record low

THE INDIAN INR AND ECONOMY ARE DOOMED ALL INDIAN EXPORTS MARKETS ARE DECIMATED.EU HAS TO WORRY ABOUT SLEEPING ON TEAK BEDS OR BURNING TEAK IN WINTERS FOR HEAT AND COOKING FOOD US IS IN RECESSION INDIAN IMPORTS ARE 65 BILLION USD,PER MONTH EXPORT CAPACITIES GONE MEANS, CAPACITY COSTS ARE NOT RECOVERED ,JOBLOSSES = REDUCTION IN DEMAND = LOWER SALES IN DOMESTIC MARKETS = LOWER PROFITS = BANK NPA WILL RISE SOME INDIAN FOOLS SAY THAT REDUCTION IN COMMODITIES RATES WILL LOWER COSTS OF INDUSTRY ! NEIN ! INDIAN GST REVENUES WILL FALL AND SO GOI WILL NOT PASS THROUGH PRICE CUTS IN OIL AND GAS AND MAY HIKE GST OR IMPORT DUTIES. THIS ALSO MEANS COMPLETE INVESTMENT FREEZE BY INDIAN INDUSTRY -AND EASY WAY TO CUT COSTS = SACK STAFF INDIA HAS A TRADE DEFICIT OF 35 BILLION,PER MONTH (ASSUMING EXPORTS) INDIA WILL NOW HAVE TO PAY THE PRICE OF 1.3 BILLION PEOPLE ! THE RBI FX POOL WILL BE SLICED. dindooohindoo AND THAT WILL DOOM THE EXIM TRADES IN INR (no one trades in a doomed FX)