Latest posts by Sahil Mishra (see all)
- Rahul Hood read the Right story (Robin Hood) but applied it to the wrong oppressed - April 24, 2024
- Xi Jinping treats Chinese people like Ganna (Sugarcane) – Squeeze them & throw them away! - April 9, 2024
- Tharoor Aadat se Majboor - April 7, 2024
What MRV Sir is suggesting about RBI procedure to tabulate foreign currency reserves is very ‘un nerving’ to say the least. It seems that while RBI with all its cutting edge digital infrastructure/ paraphernalia at its command can only tabulate the ‘inflow’ of foreign currency into india but has no clue about the ‘outflow’ of the same on ‘real time’ basis. So when RBI releases the monthly Forex Reserves figures it is in all probabilities missing out on the outflows and gives misleading (higher) figure to the country. Only accidently (Nirav Modi) or after considerable time lag the out flows are discovered or reconciled as auditors also do not get the outflow figures on monthly basis .