Will India face Sri Lanka, Pakistan-like economic crisis? Raghuram Rajan’s reply

Spread the love


Former Reserve Bank of India (RBI) governor Raghuram Rajan on Saturday said the central bank has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan.

“We have sufficient foreign exchange reserves. The RBI has done a good job in increasing the reserves. We are not having problems like Sri Lanka and Pakistan. Our foreign debts are also less,” news agency ANI quoted Rajan as saying.

Sri Lanka’s inflation surged to 60.8 per cent in July, up from 54.6 per cent in June, the crisis-hit country’s statistics department said on Saturday, as food and fuel remained scarce amid depleted foreign exchange reserves.

The year-on-year inflation based on the Colombo Consumer Price Index was 60.8 per cent in July, the department of census and statistics said in a statement. In June it was 54.6 per cent.

The year-on-year food inflation in July is 90.9 up from 80.1 per cent in June. The country’s central bank has said inflation may peak at 75 per cent.

Sri Lankans have faced a shortage of essentials amid the ongoing economic meltdown, the worst since 1948.

In Pakistan, the ongoing political unrest is increasing economic uncertainty, causing the rupee to depreciate, and impacting the cost of production. Pakistan’s economic outlook remained uncertain and blurry while inflation would stick around the current level of 21 per cent in the short term, said the ministry of finance on Thursday, amid the government’s failure to stem rupee depreciation that was causing price hike. In its monthly economic outlook for July, the economic advisory wing underlined that the inflationary and external sector risks were building macroeconomic imbalances in the economy.

Rajan said at present, there is inflation all over the world. The RBI is increasing interest rates which will help in reducing inflation. Most inflation is in food and fuel. “As we can see food inflation is coming down in the world and will decrease in India also,” the former RBI governor said.

According to the latest RBI data, India’s foreign exchange (forex) reserves stood at $571.56 billion for the week ended July 22.

During the week ended July 22, the forex reserves dropped by $1.152 billion.

According to the Reserve Bank of India’s weekly statistical supplement, the forex reserves declined during the week ended July 22 only because of the drop in foreign currency assets. All other components of the forex reserves registered gains during the week.

India’s foreign currency assets, which are the biggest component of the forex reserves, fell by $1.426 billion to $510.136 billion during the week ended July 22. The foreign currency assets had declined by $6.527 billion during the week ended July 15 and by $6.656 billion in the previous week.

(With inputs from ANI, Reuters, PTI)


Source link


627 thoughts on “Will India face Sri Lanka, Pakistan-like economic crisis? Raghuram Rajan’s reply

  1. Horne milfds movesSex pansy hermione cho ginnyFree jello sexHaku nawruto hentaiI am
    legend asia cloneChrlotte seex andd thhe city paid dressTurk gay nude menn gallery freeGayy porn interviewLesbian twiin paradiseHandjob cumshot
    movbie galleriesGirl gives boy blowjobFlrence alabamaa adupt educationMy
    wife loves my cockBikini bsbes pic pack
    rarr megauploadWhere to buy red beast whiskeyNeubie models
    xxxBelizee telecommunications regulation amateur radioDeepp throat
    centrialHarassment inn military sexualDavid dichovny sexDannii minogue nude playboy 1995Hoot nakedd reed hair chicksBanggbros dailymotiokn boobsAspirin ass a faacial
    maskAskan collarTitss jenny vidsInteraccial doble
    penetratiin close upsSexx nude orn videosMetroo
    photos females nudeBlacfk pussy senegalAbstract in latexFind teen loveTeen perrsonals for15-19Hair chhested starsFree erotica coom videosItss aall
    about fuycking white girlsUncensored music vide nudeTeen parent proram archbolpd ohioFemdom free video sitesDont spank
    mme storysSex slave inspectionGames mature onlineTranbny peee videoCartoon ccum on face picturesAnall billPornstars
    vvideo sitesXxx hardcore amateur videoBig women blowjobsAdult comunities hawaiiAdult bad
    thick black anal porn Cllip cock free hugeAdult swiim fixx won workMeen penis support swimwearPrivate swigers clib inn evansville indianaNepalii teen ssex clipSeexy indian cousinStriup joint magazinePinkworld teenms straponsGrooup xxx uncensoredFrencdh teen skinny pussy picsMid east whore xxxFalcon porn starSallt
    lake city aian import clothingOnlinme instructional
    tutorials iin adult literacyPictures oof fuckd up situationsMatre missionary crem piee
    nDr z sexPic pporn tiavaJokes aabout anal sexAmateur nude pave webDick reynnolds familySpanish seexy
    beautiesSuck me slowPictures off sexy fllight attendantsMatire women and girlls thumbsWett latex fuckSexy wijndows iconsFree nude pis ale celebsJeeep sexJohanna botta pornTopp lesbian story and
    picLonng nail fetish storyGrandxma mature picAutumnpixie blkw jobWinning adult fictionBarely free hardcore legal molvie ssex teenCelebrity pussy
    tubesRubber vibratorsOnline freee pinup strip pokerShemale ladybyVirgin lose hher
    pussyIntewrnal women sexual organsCum hannd joob titSymptkms of allergy to latexThhe indian sexx storiesPaying
    people on strteet for sexRaliiegh nc sexx clubsLeebian naked
    girls clipsAndrew sullivan woreld war onn gaysComunity skte
    free seex picturesHoww ddo i find a cockGayy civil unions
    inn key west floridaChaat dde gay limaTeenn archivFreee porn thumbnai galleries dailey bootyFreee bondage aand bboots movie
    galleriesPictres of leea thompson nudeLet me orgaszm first vidsAdylt entertainment ndustry lawyers californiaBbbw roisePornn movvies tinySwinging part iin joel
    texasAmteur mwture thumbnailsCheap plkus sioze lingeri ukWcww girls seex moviesPee pornDoes elail relieve vaginal
    symptomsSexy twsnty oone questionsAmateur filkpina nudde picsTucked vulv iin racin greyhoundsItchy bottom feetBdsm graphic novelSexy teesn babne video blowjobAtlanta sexx clugs black swingersShemaale gils fucdk matureTeen miss danceTruue femazle sexx storiesSmll tits tigh topHugeboob
    fuckingBehind frolm need sex sheTeen drinkking meetingsPerkyy teenhs fuckig picsTanmglewood manor home forr adultsPam grisr big bboob clipsBreaet cancer gift survivorEnnola gay ctew photoTeen sex scramLiterotica free text stories sexNaked breast jokesSexuql
    compulsive’s anonymusVintage volprath stainlesxs pitcherDigiotal sexy nude
    babesAmmateur meen in their 50’s nakedSignjs tht daugthter is a lesbianBabes with bigg bootys deepthroatRescuie rangers gadget hentaiOlld laddies cuntsChrisatiane amanpour lesbianBig breaasted biikini modelsKiaara nanjoo hentaiFreee long
    vidsos lesbianHot sexy blonde slutLick mikll cresek apartmebts v chicqgo title insurancePorn gaames maje
    her squritFree panntyhose web tvNaked wen wilsonBopty boobGeetting
    here lesbia naked naked picc strippingSample videoo twinks aand girlsClean cum ouut oof vaginaEbony big butt analSurgical procedures foor penis enlargementGiga pornstarBennd
    over spaznk storeMalayalam malu girl poren clipsBoat britfish islaand rentgal saikl virginNaked treesome
    gil picturesChiiang rrai sexNutse sarazh upskirtFreee anime tentacle sexWomens breaet
    tattoos55 adfult retirement modular home parks in flaLivv sex jasmineVintage tnsion ple lampAdult amateur videeos upload fdee flashHaity benbley fish teethPeter stickkes nakedFuck penetrationStill spanked aat twentyHott nuse teen girls nakedSlut sucks dick
    in jailBarbie bridges nue celebritiesMaturee hoje mmade sexNudists in midwestBisexual whyte people pornSexuall hea in her mindAnus hots photto sexQuicktije frdee lesbiaan pornEscort fin localMaine
    mafure swingersJami sucks cockFree porn noo registraitonAlabama escott female independentFace sex
    videoIn the bottom lineNuude girls bending ovr galleryLeeza gibbonms nudeNicoa teenFrree high qualikty porn freeSex guidee tto japan

Leave a Reply

Your email address will not be published. Required fields are marked *