The UPA is following a pro-US Dollar policy,to the detriment of the Rupee,as a strong US Dollar will make the Rupee weak against this currency and make the Crude Oil Import Bill,which is already quite high,and harming the Rupee even HIGHER,initiating a vicious cycle,making the Rupee weaker and weaker,against the US Dollar and thus,Bankrupting the Nation.
While no one wants to touch the US Treasury Bonds,the UPA has hiked India's holding of the same for the second consecutive month, in November 2014,to US $ 63.9 Billion!
Gold price is inversely proportional to the strength of the US Dollar in general.So a demand for Gold makes the US Dollar weaker,though the purchase is in US Dollar.Gold import tax is being raised,regularly,not permitting Citizens to preserve the value of their wealth by purchasing Gold.
Crude Oil import is NOT reduced.This is most dangerous.
Will be updated.......
While no one wants to touch the US Treasury Bonds,the UPA has hiked India's holding of the same for the second consecutive month, in November 2014,to US $ 63.9 Billion!
Gold price is inversely proportional to the strength of the US Dollar in general.So a demand for Gold makes the US Dollar weaker,though the purchase is in US Dollar.Gold import tax is being raised,regularly,not permitting Citizens to preserve the value of their wealth by purchasing Gold.
Crude Oil import is NOT reduced.This is most dangerous.
Will be updated.......
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