05-08-2005, 05:34 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India is secretive about the composition of its reserves, which have ballooned by $13.5bn since January to a record $142.6bn, the sixth largest in the world.<!--QuoteEnd--><!--QuoteEEnd-->
They fear the backlash from USA and dont mind the loosing of its value ( Indian FOREX ) in the process, Indians are acting stupids thus.
USD has lost nearly 30 percent versus the euro since its inception, and if we had dumped dollars in favour of euros, following its upward trend, india could have easily made 30 billion dollars.
Alas coward indians who fear the US the most would never learn nothing. Hefty Boeing order was passed without a bargain from US.
I pity my india, my people who bring forward such governing people to Delhi.
They fear the backlash from USA and dont mind the loosing of its value ( Indian FOREX ) in the process, Indians are acting stupids thus.
USD has lost nearly 30 percent versus the euro since its inception, and if we had dumped dollars in favour of euros, following its upward trend, india could have easily made 30 billion dollars.
Alas coward indians who fear the US the most would never learn nothing. Hefty Boeing order was passed without a bargain from US.
I pity my india, my people who bring forward such governing people to Delhi.