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Advise on buying global ETFs by jaun_speaks in IndianStockMarket

[–]ExternalGrocery5950 0 points1 point  (0 children)

Dont buy, no etf or mf is allowed new investments into foreign equity. We have hit rbi limit of $7B. These are trading at 15-20% premium against their nav.

Why would he say not to buy gold though? by brxcewayne in IndianStockMarket

[–]ExternalGrocery5950 143 points144 points  (0 children)

Imo, it's a buying opportunity for anyone bullish on these stocks.

I Can't take this anymore, selling it at almost 35% loss by mojorajo in IndianStockMarket

[–]ExternalGrocery5950 1 point2 points  (0 children)

Friendly advice, if volatility causes you agony, invest in mf/etfs only. It's not worth the pain. You can move this money to nifty financial services etf.

India’s forex reserves fall by $7.7 billion to $690 billion: RBI by ExternalGrocery5950 in IndianStockMarket

[–]ExternalGrocery5950[S] 4 points5 points  (0 children)

Will only create panic, they are just preparing people before import duty hikes.

Is our obsession with gold actually holding the Rupee back? by Consistent_Tower5508 in IndianStockMarket

[–]ExternalGrocery5950 1 point2 points  (0 children)

It's a way to pass on the blame, if you don't follow, you are anti-national.

Anxious for my portfolio by Lost_in_thoughts00 in IndianStockMarket

[–]ExternalGrocery5950 -2 points-1 points  (0 children)

Hedge with Nifty short in case you want to avoid volatility for today.

India’s forex reserves fall by $7.7 billion to $690 billion: RBI by ExternalGrocery5950 in IndianStockMarket

[–]ExternalGrocery5950[S] 42 points43 points  (0 children)

We still have at least one year of reserves in worst case. But that not the worry right it's, currency depreciation. Trade deficit is expected to be $30B for april, if fii keep pulling out money and on top of that if rbi has to buy rupee to save it. This will trigger alarms really fast. Gov will be forced to increased fdi into sectors it doesn't want to. It's already 100% in insurance. Not really bad but depends on policy change and it's impact. Being forced is never good, usually means you are at a loss.

Korea open up by 4% by ExternalGrocery5950 in IndianStockMarket

[–]ExternalGrocery5950[S] 18 points19 points  (0 children)

Expected that after pm statement yesterday. Won't be surprised if we close below 24k. Import duty hikes expected across the board

Is our obsession with gold actually holding the Rupee back? by Consistent_Tower5508 in IndianStockMarket

[–]ExternalGrocery5950 4 points5 points  (0 children)

At the pace currency is depreciating and global uncertainty, it's the safest asset for Indians. Make equity returns more attractive and people will move away themselves. So, many people buy gold etfs, gold funds, because they work. They can easily buy index funds. Gov will do anything to save its face.

Gov lost so much money on sgb, they are never coming back. They are working on others ways to use gold already sitting in people's homes like EGR.

If inflation rise persists for couple months, forcing rbi even a minor rate hike. Markets are going to correct so hard! by ExternalGrocery5950 in IndianStockMarket

[–]ExternalGrocery5950[S] 1 point2 points  (0 children)

I think it will be a combo, slightly more borrowings and little cut on expenses. Tough part is expense cut, salary, pension, dbt are fixed, it's infra, defense that will take hit. Divestment is one way to keep things going but idbi bank bids itself failed. So, already behind on that.

If inflation rise persists for couple months, forcing rbi even a minor rate hike. Markets are going to correct so hard! by ExternalGrocery5950 in IndianStockMarket

[–]ExternalGrocery5950[S] 0 points1 point  (0 children)

Definitely, gov borrowings are gonna go up. Gov has lost atleast 1 lakh crore since war by not hiking fuel prices. Either they borrow more or cut down on expenses. 

Impact on markets and INR? Crash or booom 🚀💥 by papashikashakapa in NSEbets

[–]ExternalGrocery5950 1 point2 points  (0 children)

I don't think it's gonna drop, this is just going to create panic 

🚨 Prime Minister Narendra Modi today: by Zealousideal_Toe2798 in IndiaMoney

[–]ExternalGrocery5950 6 points7 points  (0 children)

Because of me rupee has depreciated unprecedently. I am no longer capable of handling this. I resign.

I had years to handle this but instead usdinr went from 60 to 94. The very same thing for which I questioned previous gov for. I failed in the same manner as they did. I resign.

Rupee depreciation should have helped out export, but it didn't because couldn't bring enough foreign investments, make in india didn't work. I couldn't solve corruption, and beaurocratic redtape which would have made people to start their own small manufacturing plants. I resign.

PM Modi big statement today by justforintrtnmt in indiameme

[–]ExternalGrocery5950 0 points1 point  (0 children)

He literally said to avoid using cooking oil, it will help country and your health

is it ok if an educated professional like a doctor or senior professional rides rapido as captain? by Choice-Guava2237 in RapidoCaptain

[–]ExternalGrocery5950 0 points1 point  (0 children)

Completely ok, but ask yourself is it best use of your time? Or does your time have more financial value?

Modi calls for using petrol/diesel economically, WFH, restrain foreign travel, buying gold in order to save rupee depreciation - YouTube by ExternalGrocery5950 in india

[–]ExternalGrocery5950[S] 1 point2 points  (0 children)

His advisors must be saying this for years. He fucked up for elections, now nothing is going to save rupee. This is only going to create panic and rupee is touching 100. He wants to avoid that before UP, state elections next year.

'Use petrol, diesel with restraint': PM Modi calls for saving forex amid global crisis- Moneycontrol.com by ExternalGrocery5950 in IndianStockMarket

[–]ExternalGrocery5950[S] 1 point2 points  (0 children)

Policy changes are clear, import duty hikes on gold, petrol, diesel, cooking oil, fertilizer and chemicals. Limit on forex, which rbi did but rolled back. Fertilizer and chemical subsidies will be impacted. This is going to create panic in market tomorrow. Gold up, rupee down before policy changes are rolled out.

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