Apart from the US Federal Reserve's actions,the Basic reason for the Rupee becoming weak is a strong US Dollar.The actions which make the US Dollar strong are:-
1.The Gold Schemes of the NDA,which are actually INDIRECT Gold Control,preventing Money going into Physical Gold.Recall Gold is INVERSE US Dollar!
2.Half of India's Gold Reserve is outside:-
312 MT with BIS which uses this for Swaps with other central banks.Result cheap Gold and a strong US Dollar, the BoE[ from 1991! ]
3.Huge US Treasury Holdings of $ 162.70 Billion,as of June 2019.
4.Huge Forex of about $ 400 Billion
1.The Gold Schemes of the NDA,which are actually INDIRECT Gold Control,preventing Money going into Physical Gold.Recall Gold is INVERSE US Dollar!
2.Half of India's Gold Reserve is outside:-
312 MT with BIS which uses this for Swaps with other central banks.Result cheap Gold and a strong US Dollar, the BoE[ from 1991! ]
3.Huge US Treasury Holdings of $ 162.70 Billion,as of June 2019.
4.Huge Forex of about $ 400 Billion
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