India's forex reserves rises to fresh record high of US$ 481.54 billion

[Pandora]

There is a difference between Indian govt and Indian businessmen .... they get cheaper money from outside so they took foreign loans and expand the business ... forex increased by 20% in last 7-8 months

How can you say debt was taken by private businessmen? Can you provide any source?

 

[Crixus]

Check the loans taken by reliance against the bonds .... you know the fun part they got cheaper loan the Pakistan

How can you say debt was taken by private businessmen? Can you provide any source?

 

[Pandora]

Check the loans taken by reliance against the bonds .... you know the fun part they got cheaper loan the Pakistan

Bonds yields are determined by national interest rates. Currently our interest rate is floating around 13% compared to India which is around 5-6%. This is also the reason current govt decided not to opt for floating new foreign currency bonds but rather rupee bonds were floated in market with good response. Also economy has started to stabilize at back of increasing exports, low oil prices and low imports bill.

 

[RPK]

How can you say debt was taken by private businessmen? Can you provide any source?

Tata is a Indian group with more business in 100 countries. They will take loan in corespondent country and re invested in same or other country. But their debt shown in India

 

[Dark1]

People are misunderstanding. Indias rupee is not freely convertible.
The RBI controls the rupee rate by buying excess dollars from the market with rupees, when it wants to weaken the rupee. In today's scenario, with excess usd in the market , tendency is for rupees to appreciate. But RBI removes usd from market by buying .This is good for export oriented countries, not India. Too much usd is of no use.