Eurodollar University India is MASSIVELY Shorting The Dollar (Here’s What You Need To Know)
Dec 1, 2024
India is facing a currency crisis as the Reserve Bank goes massively short on the US dollar to stabilize the sinking rupee. This risky strategy could lead to significant losses while exacerbating currency downturns. The discussion also touches on the country's economic slowdown, with GDP growth slipping to 5.4% amidst global challenges. Factors like falling wages and weak consumer spending are putting pressure on the economy, shaking the urban middle class. Overall, the intricate dance of currency management and economic realities paints a troubling picture.
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