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economyinfocus
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On May 10, PM Modi publicly asked Indians to stop buying gold, avoid foreign trips, save petrol and work from home. When a leader has to say this, the situation is already serious.
The numbers confirm it:
· Forex Reserves: Dropped by $7.79 Billion in the week ending May 1—one of the biggest weekly drains on record.
· The Rupee: Hit an all-time low of 95.33 against the US dollar on May 5. The ₹100/$ mark is no longer a crazy thought.
With the crisis in West Asia and the rupee under pressure, the writing is on the wall. This is exactly why having a hedge like USDC or USDT matters when your own currency is losing value.
👇 How are you protecting your savings?
#india #ForexCrisis #RupeeVsDollar #EconomyInFocus #Hedge
The numbers confirm it:
· Forex Reserves: Dropped by $7.79 Billion in the week ending May 1—one of the biggest weekly drains on record.
· The Rupee: Hit an all-time low of 95.33 against the US dollar on May 5. The ₹100/$ mark is no longer a crazy thought.
With the crisis in West Asia and the rupee under pressure, the writing is on the wall. This is exactly why having a hedge like USDC or USDT matters when your own currency is losing value.
👇 How are you protecting your savings?
#india #ForexCrisis #RupeeVsDollar #EconomyInFocus #Hedge
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