English August
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Where exactly did you find Indian Chest Thumping? (with capital C and capital T)
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Contact the PP Team
India is no superpower
- Thread starter KingKhanWC
- Start date
Where exactly did you find Indian Chest Thumping? (with capital C and capital T)
Moh@n
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Ouch! Well done
I really like such posts (most of [MENTION=76058]cricketjoshila[/MENTION] 's for example). They always present hard facts from reputed sources to win debates.
BlackShadow
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Let's be honest. India only looks good because we have Pakistan as one of the neighbors. Put some half decent countries besides us, and it wouldn't be hard to see the dump we are.
Very true.
As they say in Alabama "Thank God for Mississippi".
LastManstanding
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No India doesn't look good at all from where I am sitting! Some 400 million in the streets together with other problems associated with extreme poverty is not because of Pak. Having seen both this is my honest analysis. When one has seen both India and Pak its the latter that appears much better and cleaner. India is better at talking itself up, it's sheer size means it is culturally much more diverse. Its also not a direct neighbour of a troublesome country like Afghanistan. All this nonsense of just wait another ten years is only the fantasy of day dreaming Indians who are devoid of reality.
KingKhanWC
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I really dont understand why Indian posters are so defensive in this thread. The point was we cannot have a sensible discussion when people think India is a great power. It is still classed as a third world nation which has many issues. Lets all be sensible.
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Why wait 10 years, we can compare right now.
I would say having a per cap PPP GDP of $7,200 compared to Pakistan's $5,400 makes India look pretty good. The difference keeps growing. It was $1,600 in 2016, and grew to $1,800 in 2017.
https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
Not being added to the terrorism financing watchlist like Pakistan will be in June makes India look rather good.
You should tell that to the OP. It is he who started this debate about whether India is, or is not a superpower. It wasn't Indian posters who claimed India was a superpower.
Yes, India still has many poor people, but their numbers are currently falling.
KingKhanWC
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R3verse Swing
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So a 33% increase per cap PPP for an economy that is 10 times the size of Pakistan.
I'd say that's a pretty pathetic performance, and this after 10 years. Also considering items like Petrol cost 50% more in India compared to Pakistan, Indians need more than Pakistanis just to survive. https://www.globalpetrolprices.com/gasoline_prices/
All of this before CPEC has kicked in, and when it does, the difference will turn positive in Pakistan's favour.
R3verse Swing
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I would like to understand one thing. Are Indian posters saying that they do not wish India to be a superpower?
What? I don't think understanding numbers, especially when they relate to economics is your strong point.
Per cap PPP takes into account prices of consumption goods.
All of this before CPEC has kicked in, and when it does, the difference will turn positive in Pakistan's favour.
We will be rescued by the Chinese. In one word, delusional!
R3verse Swing
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$7,200 compared to Pakistan's $5,400. 33% difference in India's favour. What's not to understand?
Wrong PPP is purchasing power parity. Ruppee for Ruppee, it cost India more for petrol in India than Pakistan. Do your homework.
Delusional is Indian's economy. After all the growth, the average Indian is only 33% richer than a Pakistani. So much for the $Trillion Indian GDP which is TEN times the size of Pakistan's economy.
Remember, it's not the size that matters, it is the performance.
You brought in the total size of the economy in a comparison of per cap numbers. An immediate fail in any economics course.
Maybe your consumption basket consists only of petrol. I don't know about you, but most Indians drink milk rather than petrol for breakfast. PPP is based on the price of the consumption basket rather than just one good.
[MENTION=134300]Tusker[/MENTION]
Next economics lesson for you. Being a smaller country is actually an advantage rather than a disadvantage. The richest per cap countries are LIECHTENSTEIN, MONACO, MACAU and LUXEMBOURG (not counting QATAR which gets its wealth from unearned petrol).
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html
R3verse Swing
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So finally you understand where the 33% figure comes in from. Don’t cry because I brought in GDP. India has an economy 10 times the size of Pakistan, but only has a 33% GDP/Capita to show for it? As I said, a pathetic performance of an economy. Remember, economic performance is all RELATIVE!
You can appeal to all your brethren, doesn’t change the fact petrol, based on PPP, is more expensive in India than Pakistan. You can make all the excuses you want. Fact is, cost of living in India is more expensive than Pakistan. That 33% difference doesn't even cover the cost! Ouch!
You pulled up a ranking in 2004? Desperation knows no bounds.
So tell me, do you believe India is an upcoming Superpower? If not, why?
There are students who make mistakes and when corrected understand, and then there are students who make mistakes and when corrected still don't get it...
There are students who make mistakes and when corrected understand, and then there are students who make mistakes and when corrected still don't get it...
2004 is an internal file name used by the website, the data is mostly for the year 2017.
So tell me, do you believe India is an upcoming Superpower? If not, why?
It depends upon what the word means to you. I said in my earlier post, that I would rank India as the 8th rank economy now, and if present trends continue the 3rd ranked economy in a couple of decades. You can choose to bestow the honorific "superpower" on it if you wish, or not.
R3verse Swing
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You are spot on, you were corrected, as well as educated.
This excuse is perhaps sufficient to dupe the uneducated in India, but not elsewhere.
Why does economic rank matter? Why are you citing India’s economic rank? What is the relevance to the OP? Just asking, because it seems to me you do believe India will be a superpower otherwise you would not pull rank.
I got news for you for you though. Economy is not enough to propel a country to superpower status.
I should have paid more heed to Mark Twain.
https://www.goodreads.com/quotes/539867-never-argue-with-an-idiot-they-will-drag-you-down
R3verse Swing
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There we have it. No answer.
Forget Mark Twain, here's a quote. "The difference between stupidity and genius is that genius has its limits."
Good night, and thanks for trying.
What do you expect me to answer when I say "2004 is an internal file name used by the website, the data is mostly for the year 2017" and you reply "This excuse is perhaps sufficient to dupe the uneducated in India, but not elsewhere"?
You could have clicked on the link to see the data was mostly 2017 and not 2004, instead you gave a perfectly nonsensical reply.
R3verse Swing
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Even if I grant you the notion, India is 157, and Pakistan 171 on the list. 14 ranks is all India has to show for it? Blimey, even LIECHTENSTEIN, BELIZE, GUATEMALA, and BHUTAN beat both nations! I bet you need to look these countries up on an atlas! How about familiar nations, like LEBANON and IRAN - both top Indian and Pakistan.
You really have no point.
Sweet dreams bud!
Even if I grant you the notion, India is 157, and Pakistan 171 on the list. 14 ranks is all India has to show for it? Blimey, even LIECHTENSTEIN, BELIZE, GUATEMALA, and BHUTAN beat both nations! I bet you need to look these countries up on an atlas! How about familiar nations, like LEBANON and IRAN - both top Indian and Pakistan.
You really have no point.
Sweet dreams bud!
KingKhan/ReverseSwing/SnakeEyes: (ignoring previous posts) DEF
Me/CricketJosh/EnglishAug/Tusker: DEF is wrong, here is the data
KingKhan/ReverseSwing/SnakeEyes: (ignoring previous posts) GHI...
R3verse Swing
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Anyone Indian poster but Napa.
Do you wish India to be a superpower? If not, why not? If yes, then why?
Do you wish India to be a superpower? If not, why not? If yes, then why?
What list? Pak is on no list at all! India has 400 million on the streets. India has the largest number of slums and poor people. India has the highest number of aids victims and prostitution. India is known as the rape capital of the world and the sick man of South Asia. As far as the mentioned advantages and all don't forget your size that pays a crucial part. I will not allow you people to make yourselves feel good at our expense, no way! Talk about June when it arrives! India is worse then sub Saharan Africa in many ways.
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See we indians are best mathematicians in the world,have discovered from n.o zero to quadratic systems to decimal systems to valhe of pi to trignometry to almost all sort of maths. So we only believe in facts and figures.
I have no idea what they teach you in madrassas in oakistan about india. Its hypocritsy if you take CRIME AND RAPE THEN YOU DNT TAKE INTO ACCOUNT PER CAPITA CRIME OUT OF 125 CRORE POPULATION,BUT WHEN TALKING ABOUT WORLD TOP 5 ECEONOMIES THEN YOU TALK ABOUT PER CAPITA INCOME.
Its pointless to debate with you. We know what we are. We are no lesser than any nation in the world. From top IT sector to automobile to pharma to space industry to etc etc with in 70 years ,we are nog doing bad
You obviously live in a world of delusion and are unable to separate reality from your wishful thinking. That leads you to disregard the numbers (per cap PPP GDP etc.) I have provided.
While I wish Pakistan well, the current reality for Pakistan is quite dire. With forex reserves of $18.8B, it is teetering on the edge of bankruptcy, and you think it is doing better than India whose reserves have increased by $20B since the start of the year to $420B.
https://www.thenews.com.pk/print/284377-forex-reserves-slide-to-18-828bln
big_gamer007
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Define a superpower.
Mathematics has nothing to do with it besides many believe that Arab's created the zero not that I care either way. You sound like that annoying Manoj Kumar who keeps telling the world how India gave the world everything only to receive a good telling off in return in a movie I once watched. You have plenty of madrassa's as well, what do they teach? We do the same in ours. I agree that logic dictates the same rules apply for both success and poverty. You are on top of both lists because you are nine times bigger in size to Pakistan. You just don't like being shown the mirror, that's the problem. Tell your so called greatness to your own people not someone like me, okay!?You are not only less but simply not in the league of any western country and you know it!
You need to learn how to debate! I did not dismiss anything, read my previous mail again. Do you refute any of the FACTS I mentioned in my previous mail? Have you ever visited Pakistan that makes you any impartial judge? If not you are in no position to talk. See wwe admit our problems where as you think you are great! You are not great at all, it is absurd to even call India a developed country when it;s a third world hellhole! No, you don't wish Pakistan well at all, stop pretending. Once again use your reserves to eradicate the massive poverty within your country instead of talking it up in to something it is not. Even if Pak becomes bankrupt we will recover, thanks for your concern.
Of course you did. I provided per cap PPP GDP figures and instead of discussing that you replied "rape".
Also, I suggest you educate yourself about per cap PPP GDP, and then try to understand what the difference between $5,400 and $7,200 implies.
English August
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Things I learned on PP 2 days ago: When Indian / international media report something negative about Pakistan, it's a lie. When Pak media finally reports the same thing, it doesn't matter any more.
Things I learned on PP yesterday: GDP growth gets canceled out by nominal inflation.
Things I learned on PP today: I will compare a ratio (e.g., relative per capita GDP) by comparing the numerator (e.g., relative size of GDP) but by ignoring the denominator (e.g., relative size population). In a related news, Archimedes, Aryabhatta, Ramanujan, Newton and Turning committed a collective suicide.
Slog
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Lol this thread is still going on when both Indians, Pakistanis, neutrals and India-haters have all accepted that India is clearly not a superpower...
Whats the holdup then?
Whats the holdup then?
Oligochaetes
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Obviously everybody has a lot of time to waste
Ola Napa!
You have been selected as a Bowler to play for Peshawar Zalmi in PSL3 (PP League). Please come over there.
On Topic:
India is not a superpower! =)
cricketjoshila
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Point is what was the OP trying to do with this thread?
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You deserve it, you try to have reasonable discussions with folks who shift goalposts every 10 secs, worse is you continue trying even after quoting Twain. Heed to Einstein's words my friend "The definition of insanity is doing the same thing over and over again, but expecting different results”
Good advice which I need to listen to.
finalfantasy7
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Is this what a superower looks like:
₹ 90,000 Crores spent on Swachh Bharat Mission launched in 2014 but condition of Gurgaon is pathetic With this budget, one might expect India to be as clean as Switzerland
₹ 90,000 Crores spent on Swachh Bharat Mission launched in 2014 but condition of Gurgaon is pathetic With this budget, one might expect India to be as clean as Switzerland
sweep_shot
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This one picture shows why India is not a superpower and is unlikely to be a superpower anytime soon.
Technics 1210
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Super powder more like.
India will be an economic super power. To achieve the standards of the west, it will need Indian population to come down to a manageable 70 crores. Right now India has more than twice that of the people. Not happening anytime soon.
Your 4 crore Bangladeshi brethren are there to clean up the mess. They do these kinds of jobs in India. So there is still some hope.This one picture shows why India is not a superpower and is unlikely to be a superpower anytime soon.
View attachment 159927
KingKhanWC
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Your 4 crore Bangladeshi brethren are there to clean up the mess. They do these kinds of jobs in India. So there is still some hope.
That doesnt explain why a holy animal is rummaging in rubbish?
Bhaag Viru Bhaag
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This is pretty common in Delhi and Gurugram. Most of these cattle owners let their cows roam freely and eat garbage, and then in the evening they milk them and serve that milk to the andhbhakts. @Champ_Pal can confirm this too, provided he is in the mood to share his honest opinions.
Also some of these cattle owners become too rich and move to countries like US. If I am not mistaken, @uppercut was a cattle owner in India as well, which explains his affection for cows.
It is still an animal. Not God.
It is considered holy because of its utility and India being an agrarian society and the importance of cattle is topmost.
This is cultural. Not religious.
finalfantasy7
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Well my point was techinally why is thr loads of rubbish is the first place, i can understand a few bottles here and thr with paper and plastic bags, but not that amount of rubbish
Can’t fix rubbish when people lack civic sense.
Another thing is huge apartment and luxury sky scrapers are constructed where there are no proper roads and garbage disposal facilities.
There is not one thing to point fingers at. It’s a mess created by multiple authorities and people.
sweep_shot
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There are only 2 genuine superpowers: US and China.
Rest are all subjective.
Rest are all subjective.
finalfantasy7
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@Champ_Pal - to become a superpower you have to have more than that, but that indian education for you
@sweep_shot - read champ above post -
dont take this as a offence, you and the fellow indians do live in your own world,
heres a few things to worry about, you can lay new roads - they crumble, your hospitals are crap and your heavily reliant on china to API = medicines
You I.T software code is poor, hence everyone complaining about silicone valley - yet when they had more chinese workers the silicone valley companies all were better run by a huge margin
Can you even build a engine, no - lets forget about the flying coffins / widow makers
You cant even feed your population yet, yet your farmers are always protesting = right protesting imo.
You import more than you outsorce - thus meaning your very reliant on these goods.
More importantly US doesnt want you as a superpower nor does China - they both control you
finalfantasy7
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@Champ_Pal your rich doens want the poorer people in india to become richer, hence just look at your sillicone valleys employees - around 70% are indian migrants - why are you working for the americans - when the americans dont want india to have the same companies created by indians
This is what i keep making my points and listing these articles - they show and say the same thing ive just point out - yet you @Rajdeep @uppercut @Devadwal @JaDed - havent yet realised, as i doubt you read the whole articles i attach on here
Rich not wanting poor to become rich is everywhere. Not exclusive to India. There are many examples of people who made it big coming from nothing in India.
It is not for me to create an environment of innovation in India. The ones that have the resources don’t care. Government is happy to play appeasement politics and opposition keeps demanding more and more reservation for the so called Downtrodden castes.
India is improving: They can at least see the days of glory coming in the future.
finalfantasy7
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so why are your middle class and the amount of working class running to all 4 world corners illegally
JaDed
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We clearly are if we can make the entire feed of @finalfantasy7 on all social media just receive Indian content.. including Tiktok a Chinese company banned in India.. he still receives Indian content on that..
finalfantasy7
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₹42 Crore Ahmedabad’s Hatkeshwar Bridge will be demolished for ₹4 Crore after being closed since 2022 due to safety concerns.Imagine the level of JOKE on taxpayers
Im sure superpowers can build bridges
Im sure superpowers can build bridges
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finalfantasy7
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thats because i dont live in a backwards country which bans a chinese social media app, considering those fake $50 degrees you lot dish out - cant even make a competitor social media -but then go around it by using vpn's - what a clueless society india is
JaDed
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Yeah people don’t use tiktok in India not even with VPN.. also you live in a first world country I guess .. so which apps they made?
finalfantasy7
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@JaDed - dont superpowers create thr own engines for fighter jets or even airplanes,
what engines are you lot making -- ooooooooo yeh you cant - thats the reasong why the tejas crashed - indian parts and pilot error and the air indian airline went down few months ago - crappy indian cheap parts made for the engine, when the chinese had theboeing contract they used alloy - you lot replaced it with aluminium - remember the report which confirmed this
what engines are you lot making -- ooooooooo yeh you cant - thats the reasong why the tejas crashed - indian parts and pilot error and the air indian airline went down few months ago - crappy indian cheap parts made for the engine, when the chinese had theboeing contract they used alloy - you lot replaced it with aluminium - remember the report which confirmed this
sweep_shot
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JaDed
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If the idea is just to post so much news from last 3 years that no one questions your understanding and comprehension, go ahead.. you will always a Canadian to support and one Indian to read lol
finalfantasy7
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No country with 28% poverty can claim to be ‘fourth most equal in the world’: Congress
No country with 28% poverty can claim to be ‘fourth most equal in the world’: Congress
India's poverty rate of 28.1% challenges its claim as one of the most equal societies, Congress urges policy change.
After Centre uses World Bank report to assert claim of low consumption-based inequality, Congress notes that the same report highlights high wage disparity, limitations in comparing consumption data
@JaDed @Devadwal @Rajdeep - thats your congress saying it, but your a superpower
finalfantasy7
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list me the article dated 3 yrs ago,, im asked you this question so many times, yet you cant post it - i wonder why
finalfantasy7
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By the why - superpowers currency decreases by 50%:
timesofindia.indiatimes.com
www.thehindu.com
The rupee, which opened on a positive note, gave up its initial gains and breached the psychological 90-to-a-dollar level after the Reserve Bank cut key benchmark interest rate for the first time in six months on Friday (December 5, 2025).
Forex traders said the Reserve Bank of India’s (RBI) rate cut will push the rupee even lower until foreign portfolio investors return in a big way.
The RBI on Friday cut the key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy amid high US tariffs.
side the Reserve Bank of India (RBI) headquarters in Mumbai | Photo Credit: Reuters
The rupee, which opened on a positive note, gave up its initial gains and breached the psychological 90-to-a-dollar level after the Reserve Bank cut key benchmark interest rate for the first time in six months on Friday (December 5, 2025).
Forex traders said the Reserve Bank of India’s (RBI) rate cut will push the rupee even lower until foreign portfolio investors return in a big way.
The RBI on Friday cut the key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy amid high US tariffs.
Rupee hits ₹90/dollar as economy awaits U.S.-trade deal
At the interbank foreign exchange market, the rupee opened at 89.85 against the U.S. dollar and gained ground, touching 89.69 in morning deals, registering a 20-paise gain from its previous close.
After the RBI’s monetary policy announcement, the rupee lost ground and fell to 90.05 against the American currency, a 16-paise decline from its previous close of 89.89. The currency is down almost 5 per cent against the dollar this year, the worst performer in Asia.
Reserve Bank Governor Sanjay Malhotra said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level.
“We don’t target any price levels or any bands. We allow the markets to determine the prices. We believe that markets, especially in the long run, are very efficient. It’s a very deep market,” he said while replying to a question on rupee depreciation at a post-monetary policy press meet.
Mr. Malhotra said fluctuations in the market keep occurring, and the RBI’s effort is always to reduce any abnormal or excessive volatility. “And that is what we will continue to endeavour,” he added.
In its bi-monthly monetary policy, the RBI announced three-year USD/INR Buy Sell swaps of USD 5 billion this month.
When asked if this is aimed at checking rupee depreciation, Malhotra said, “It is a liquidity measure. It is not to support the rupee”.
Stressing that RBI does not target any level of rupee against the dollar, he said the central bank allows “the rupee to find its correct position, correct level”.
de the Reserve Bank of India (RBI) headquarters in Mumbai | Photo Credit: Reuters
The rupee, which opened on a positive note, gave up its initial gains and breached the psychological 90-to-a-dollar level after the Reserve Bank cut key benchmark interest rate for the first time in six months on Friday (December 5, 2025).
Forex traders said the Reserve Bank of India’s (RBI) rate cut will push the rupee even lower until foreign portfolio investors return in a big way.
The RBI on Friday cut the key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy amid high US tariffs.
Rupee hits ₹90/dollar as economy awaits U.S.-trade deal
At the interbank foreign exchange market, the rupee opened at 89.85 against the U.S. dollar and gained ground, touching 89.69 in morning deals, registering a 20-paise gain from its previous close.
After the RBI’s monetary policy announcement, the rupee lost ground and fell to 90.05 against the American currency, a 16-paise decline from its previous close of 89.89. The currency is down almost 5 per cent against the dollar this year, the worst performer in Asia.
Reserve Bank Governor Sanjay Malhotra said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level.
“We don’t target any price levels or any bands. We allow the markets to determine the prices. We believe that markets, especially in the long run, are very efficient. It’s a very deep market,” he said while replying to a question on rupee depreciation at a post-monetary policy press meet.
Mr. Malhotra said fluctuations in the market keep occurring, and the RBI’s effort is always to reduce any abnormal or excessive volatility. “And that is what we will continue to endeavour,” he added.
In its bi-monthly monetary policy, the RBI announced three-year USD/INR Buy Sell swaps of USD 5 billion this month.
When asked if this is aimed at checking rupee depreciation, Malhotra said, “It is a liquidity measure. It is not to support the rupee”.
Stressing that RBI does not target any level of rupee against the dollar, he said the central bank allows “the rupee to find its correct position, correct level”.
The governor further said the country has sufficient foreign exchange reserves and that the current account is manageable, and that, given the strong fundamentals of the economy, the country should witness strong capital flows going forward.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.02 per cent lower at 98.97.
Brent crude, the global oil benchmark, fell 0.17% to $63.15 per barrel in futures trade.
On the domestic equity market front, Sensex advanced 488.75 points to 85,754.07, while the Nifty was up 163.25 points to 26,197.
Foreign institutional investors sold equities worth ₹1,944.19 crore on a net basis on Thursday (December 4, 2025), according to exchange data.
Superpower status ive been told
Rupee falls 16 paise to 90.05 against U.S. dollar post RBI’s monetary policy decision
Rupee hits another low! Currency slumps to 90.43 against US dollar; what it means - The Times of India
India Business News: The Indian rupee hit a record low of 90.43 against the US dollar, marking its fastest decline in under a year. This depreciation is driven by foreign
timesofindia.indiatimes.com
Rupee falls 16 paise to 90.05 against U.S. dollar post RBI’s monetary policy decision
Rupee falls to 90.43 against the dollar amid RBI's restrained intervention and high importer demand, causing market concerns.
Forex traders said the Reserve Bank of India’s (RBI) rate cut will push the rupee even lower until foreign portfolio investors return in a big way
The rupee, which opened on a positive note, gave up its initial gains and breached the psychological 90-to-a-dollar level after the Reserve Bank cut key benchmark interest rate for the first time in six months on Friday (December 5, 2025).
Forex traders said the Reserve Bank of India’s (RBI) rate cut will push the rupee even lower until foreign portfolio investors return in a big way.
The RBI on Friday cut the key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy amid high US tariffs.
side the Reserve Bank of India (RBI) headquarters in Mumbai | Photo Credit: Reuters
The rupee, which opened on a positive note, gave up its initial gains and breached the psychological 90-to-a-dollar level after the Reserve Bank cut key benchmark interest rate for the first time in six months on Friday (December 5, 2025).
Forex traders said the Reserve Bank of India’s (RBI) rate cut will push the rupee even lower until foreign portfolio investors return in a big way.
The RBI on Friday cut the key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy amid high US tariffs.
Rupee hits ₹90/dollar as economy awaits U.S.-trade deal
At the interbank foreign exchange market, the rupee opened at 89.85 against the U.S. dollar and gained ground, touching 89.69 in morning deals, registering a 20-paise gain from its previous close.
After the RBI’s monetary policy announcement, the rupee lost ground and fell to 90.05 against the American currency, a 16-paise decline from its previous close of 89.89. The currency is down almost 5 per cent against the dollar this year, the worst performer in Asia.
Reserve Bank Governor Sanjay Malhotra said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level.
“We don’t target any price levels or any bands. We allow the markets to determine the prices. We believe that markets, especially in the long run, are very efficient. It’s a very deep market,” he said while replying to a question on rupee depreciation at a post-monetary policy press meet.
Mr. Malhotra said fluctuations in the market keep occurring, and the RBI’s effort is always to reduce any abnormal or excessive volatility. “And that is what we will continue to endeavour,” he added.
In its bi-monthly monetary policy, the RBI announced three-year USD/INR Buy Sell swaps of USD 5 billion this month.
When asked if this is aimed at checking rupee depreciation, Malhotra said, “It is a liquidity measure. It is not to support the rupee”.
Stressing that RBI does not target any level of rupee against the dollar, he said the central bank allows “the rupee to find its correct position, correct level”.
de the Reserve Bank of India (RBI) headquarters in Mumbai | Photo Credit: Reuters
The rupee, which opened on a positive note, gave up its initial gains and breached the psychological 90-to-a-dollar level after the Reserve Bank cut key benchmark interest rate for the first time in six months on Friday (December 5, 2025).
Forex traders said the Reserve Bank of India’s (RBI) rate cut will push the rupee even lower until foreign portfolio investors return in a big way.
The RBI on Friday cut the key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy amid high US tariffs.
Rupee hits ₹90/dollar as economy awaits U.S.-trade deal
At the interbank foreign exchange market, the rupee opened at 89.85 against the U.S. dollar and gained ground, touching 89.69 in morning deals, registering a 20-paise gain from its previous close.
After the RBI’s monetary policy announcement, the rupee lost ground and fell to 90.05 against the American currency, a 16-paise decline from its previous close of 89.89. The currency is down almost 5 per cent against the dollar this year, the worst performer in Asia.
Reserve Bank Governor Sanjay Malhotra said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level.
“We don’t target any price levels or any bands. We allow the markets to determine the prices. We believe that markets, especially in the long run, are very efficient. It’s a very deep market,” he said while replying to a question on rupee depreciation at a post-monetary policy press meet.
Mr. Malhotra said fluctuations in the market keep occurring, and the RBI’s effort is always to reduce any abnormal or excessive volatility. “And that is what we will continue to endeavour,” he added.
In its bi-monthly monetary policy, the RBI announced three-year USD/INR Buy Sell swaps of USD 5 billion this month.
When asked if this is aimed at checking rupee depreciation, Malhotra said, “It is a liquidity measure. It is not to support the rupee”.
Stressing that RBI does not target any level of rupee against the dollar, he said the central bank allows “the rupee to find its correct position, correct level”.
The governor further said the country has sufficient foreign exchange reserves and that the current account is manageable, and that, given the strong fundamentals of the economy, the country should witness strong capital flows going forward.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.02 per cent lower at 98.97.
Brent crude, the global oil benchmark, fell 0.17% to $63.15 per barrel in futures trade.
On the domestic equity market front, Sensex advanced 488.75 points to 85,754.07, while the Nifty was up 163.25 points to 26,197.
Foreign institutional investors sold equities worth ₹1,944.19 crore on a net basis on Thursday (December 4, 2025), according to exchange data.
Superpower status ive been told
JaDed
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Are you posting recent news? Have you not posted news from March plus you have 100 news articles I atleast try to read them..
Bhaag Viru Bhaag
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JaDed
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50%? just to give an idea - what is 50% - 30 is 50% of 60..
Payroll boy not sure your math is mathing..
Payroll boy not sure your math is mathing..
sweep_shot
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JaDed
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Please one topic at a time, which app has your developed first world country made..answer that first..
finalfantasy7
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yeh right, im psted Mr Hunzi channel so many times and the indian posters who live in india have commenatated on them - yet hes banned in india,
sure your right again - your the oracle - all knowing - you can tell the future - aka the fortune oracle
finalfantasy7
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Ive told you this soooooooooooooo many times i am born in the UK,
your memory is like a fish,
stop crying and stick to the topic, india is no superpower
finalfantasy7
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yet again your maths is wrong...... its dropped by 50% since modi came in power
JaDed
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Exactly my point so which app they have made? Your first world country?
JaDed
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Dude you posted an article and said currency reduced by 50%..
Now tell me do you think every currency has remained same in last 10 years?
And here let me put it for you, no India is not China and neither a superpower, but tell us have all currencies been same since 2014?
finalfantasy7
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use google mate, im not here to spoon fed you,, like i said your not all thr - typical lazy indian poster - eeds everyone else to do your work
finalfantasy7
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A Half-BILLION People Are Moving to Indian Cities – Is India Ready For This Urban Surge
nearly 500 million more people are expected to move into its cities — putting unprecedented pressure on housing, transport, water, air quality and climate resilience. From sinking megacities to flooding, pollution and overstretched infrastructure, the challenges are mounting fast. Are Indian cities prepared for this massive urban surge
finalfantasy7
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Nvidia CEO Huang: China Market Irreplaceable, Leading AI Race on Multiple Fronts
@Devadwal @JaDed - Does anyone say that about India = NO, i wonder why, can you lot create a gpu yet, what is a indian made gpu specs - is it really made in india - or bought from china and superglued together in india
JaDed
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Lol.. no one compared China to India either.. I know you are trying very hard to do so.. but I’m the only one indulging with you and taking your bait and yes the other Humble Bangladeshi too
finalfantasy7
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@JaDed you @Champ_Pal have both claimed india will become a superpower ahead of china, now your crying again,
can you show me a article which is within last 6 months that india is becoming a superpower
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