00:00The entire world is watching the US election, and the Indian Reserve Bank has already prepared
00:10for the results of the US election.
00:13We will tell you about the precautions taken by the RBI for this election in this video.
00:21The Central Bank of India has clarified that it is not ready to face any economic storm
00:29in the coming days.
00:32According to sources, if Donald Trump wins and there is a stir in the market, then the
00:37RBI has a huge stockpile of foreign currency.
00:41This can keep the value of the rupee stable.
00:44And the RBI is also looking at whether the new US government imposes new tariffs on China
00:50or not.
00:51This step can increase inflation in India.
00:54According to a source close to the RBI, if Republican candidate Donald Trump wins the
01:00next election, then the Reserve Bank has a huge stockpile of foreign currency.
01:05With this, he can easily stop any kind of fall in the currency.
01:10In fact, due to Trump's aggressive approach against China and the possibility of a trade
01:15war, there is a fear in the market.
01:18Experts believe that Trump's victory can shake the global market.
01:23Foreign investors can withdraw their money from markets like India.
01:27And in such a case, the RBI has clarified that it is fully ready to deal with any situation.
01:34If there is a surge in the market and foreign investors withdraw money, then the RBI will
01:41interfere to keep the rupee stable.
01:44However, the RBI has not yet made any official statement on this matter.
01:49Experts also say that if Trump increases import duty on China, it will also affect India
01:55and other emerging markets.
01:57Imports from China are expensive and this can increase inflation in India.
02:03China's responsive steps will also have a significant impact on India's monetary policy.
02:08Meanwhile, according to a recent survey, the competition between Trump and his Democratic
02:13opponent Kamala Harris is very close.
02:16We will have to see who the American people choose as their next president and how this
02:21will affect India.
02:23So, tell us your opinion on this RBI preparation in the comment box.
02:27And for such updates, keep watching Good Returns.
02:30Don't forget to like and subscribe to our channel.
Comments