Indian Rupee meltdown

[Chase]

At USDINR 82, Rupee hit historical highs and the currency meltdown continues after Hindenburg report on Adani fraud

 

[Boliao]

Thank God good CECA are all working in Singapore earning SGD.

 

[Chase]

Thank God good CECA are all working in Singapore earning SGD.

DBS will also need to write-down on the value of their investments in India.

 

[Loofydralb]

At USDINR 82, Rupee hit historical highs and the currency meltdown continues after Hindenburg report on Adani fraud

The one world govt is really turning the screws on India for their support on Russia.

DBS will also need to write-down on the value of their investments in India.

Mdm Whore does it again! She never fails.

 

[ftan42]

even dbs can make a profit, exchange loss will eat them

 

[Chase]

The one world govt is really turning the screws on India for their support on Russia.

Modi's BJ party has 3-4 times more seats than congress party (Ghandi). They control everything these days.
Only the collapse of Rupee and Adani's linked companies can rock their foundation.

Adani Stock Rout Resumes as MSCI Says It's Reviewing Free Float
https://www.bloomberg.com/news/arti...ks-slide-after-msci-says-reviewing-free-float

 

[Loofydralb]

Modi's BJ party has 3-4 times more seats than congress party (Ghandi). They control everything these days.
Only the collapse of Rupee and Adani's linked companies can rock their foundation.

Adani Stock Rout Resumes as MSCI Says It's Reviewing Free Float
https://www.bloomberg.com/news/arti...ks-slide-after-msci-says-reviewing-free-float

India is not well insulated and protected from deep state attack.
Next to be attacked is India's big steel and aluminum company

 

[Chase]

India is not well insulated and protected from deep state attack.
Next to be attacked is India's big steel and aluminum company

you meant tata?

 

[Loofydralb]

you meant tata?

There's another bigger one that bought the biggest aluminium produce
I forget the name

 

[syed putra]

This makes economic sense. If it continues, many indians will become milionaires.

 

[Chase]

SINGAPORE, Feb 13 (Reuters) - DBS Group has a tightly managed exposure to India's Adani group of companies, the chief executive of Southeast Asia's largest bank said on Monday.

DBS was among a group of banks which provided finance to Adani's $10.5 billion acquisition of Holcim's cement business in India last year. The Singapore bank provided financing of about S$1 billion ($751 million).

https://www.reuters.com/business/fi...cerned-about-exposure-adani-group-2023-02-13/

 

[Chase]

INDIA RUPEE Fed rate outlook to push rupee lower​

https://www.reuters.com/markets/cur...er-us-inflation-data-key-this-week-2023-02-13

MUMBAI, Feb 13 (Reuters) - The Indian rupee is likely to open lower against the dollar on Monday, tracking losses in Asian currencies and shares on concerns over the U.S. interest rate outlook. Also due later in the day is the India inflation data. The inflation rate is forecast to have risen to 5.9% in January from 5.72% in December.

 

[Loofydralb]

Big payrise for the CECAkroaches working in SG.