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176 sats \ 3 replies \ @Undisciplined 9h \ on: India's central bank expected to cut rates to 5.25% on December 5 econ
That's wild that price inflation is so low while the exchange rate is falling so much.
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69 sats \ 2 replies \ @Coinsreporter OP 9h
I also can't understand it. But rupee has forever been sliding against USD.
I'm so glad I realised it way too early. And now I'm earning in Bitcoin is a blessing.
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21 sats \ 1 reply \ @Undisciplined 9h
Are imports getting more expensive?
Something must be getting more expensive for the currency to be weakening so much. That's what it means for a currency to weaken, after all.
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0 sats \ 0 replies \ @Coinsreporter OP 9h
I don't think so. Maybe it's because India is too much dependant on oil exports, now the high USD interest rates due to tariffs and may be persistent capital outflows. The INR could be much more weaker had it not been supported by strong domestic market demand and strong GDP growth. But for how long? If this continues, the next year INR will slide more — definitely under 0.01 USD.
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