00:00I have a little doubt about the Arnima.
00:03Because what the president said that they don't buy one year,
00:07what happened is that the jewelry manufacturing sector
00:10and the jewelry retail sector is all over.
00:12You have seen that it has been a lot of money.
00:16Today, there is a lot of interest in their shares.
00:19And in the Gems and Jewelry industry,
00:2180-80,000,000,000 in Arnima.
00:25So I think that the government has the same way
00:28that they would increase import duties.
00:31But I would like to say that many of the jewelry
00:34have been in the morning.
00:35What happened?
00:36What happened?
00:37What happened?
00:37What happened?
00:39What happened?
00:40People believe.
00:41There is no doubt.
00:42But you tell this,
00:45that the old jewelry that you have in your house
00:47has 30,000 tons of jewelry in the households.
00:50Give it to the old model,
00:52the old fashion,
00:53and the new ones.
00:54So you can do that.
00:55You can do it.
00:57Tanish Tanish, Tanish Tandulkar,
00:59when you put tariffs on that,
01:01when you put tariffs,
01:01it has been hired.
01:02When the gold price had been very high,
01:03people had stopped buying jewelry.
01:05Yes.
01:06Tanish Tandulkar hired.
01:07That's the reason why you tell people,
01:10you are now old.
01:11And 36,000,000 people have heard Tanish's data.
01:1336,000,000 people have listened to it.
01:16And they recycled their old jewelry.
01:21foreign
01:25foreign
01:26foreign
01:28foreign
01:29foreign
01:29and we don't want to land up in a situation like bangladesh pakistan or sri lanka
01:34which has forex has not.
01:35If we had a forex in 1990, we had to keep our sona down.
01:40You will remember that.
01:42You will be very little.
01:44I don't know if you will be born or not.
01:47But I was sure in that time.
01:49I remember that the sona fell down.
01:51And it was a terrible thing.
01:53So we don't want to land up in a situation where we don't have forex.
01:56We don't want to land up in a situation.
01:58We don't want to land up in a situation.
02:01I don't want to land up in a situation.
02:02I don't want to land up in a situation like this.
02:04The current account deficit, which we call CAD,
02:07is a big road.
02:08Because our forex reserve is depleted.
02:11Our imports are increasing.
02:12The exports are not increasing in the world.
02:14We are not increasing.
02:15We have 860 billion dollars.
02:18But I am seeing the next step.
02:21The oil marketing company,
02:24which is about 3.000 crore,
02:26every month loss is about 409-309.
02:28Now, the pressure is low,
02:31I think you'll have to lose.
02:32They have to move.
02:32The economic situation is over.
02:33The economy is off by right now.
02:36The economic situation is over.
02:36The economy doesn't turn to no vote.
02:37The economy is over.
02:38Their bottom line,
02:39is bleeding.
02:40The health of the economy is over.
02:40They are bleeding.
02:42As I know that crude oil,
02:44the oil in the stock price was $100,
02:45but today it's over.
02:47The economy is over.
02:48It is a very difficult thing.
02:50America has been a bit of a problem.
02:53Then it will start the war.
02:54Crude oil will close again.
02:56The state of Hormuz will close again.
02:58I think this is a very uncertainty.
03:00Crude oil is not going to come down.
03:02It is not going down.
03:03That's why the President said
03:06that the situation is going to be stopped.
03:08If the situation is stopped,
03:10then you will have a lot of time to get the situation.
03:14You will have to come back to 60-65 dollars.
03:16You will forget.
03:18It is not going to come.
03:19If it is still below 100 dollars,
03:21then it will be a big deal.
03:23I think that 80-90 dollars will become a new normal.
03:26This is also very big for the country.
03:27The crude basket that we take from Venezuela,
03:31Russia, Algeria.
03:33We take from many places.
03:34Crude basket is very high.
03:36Add refining costs.
03:38Add shipping costs.
03:39Add insurance costs.
03:40This is a commodity that you are using.
03:45The cars are less.
03:45You can do work from home.
03:48Do work from home.
03:48Do meetings.
03:49Do foreign travel.
03:50Do not use oil in the refiner.
03:53Do not use a year.
03:56Do not recycle it.
03:58Yes, I would say one thing.
03:59I would like to say that the price is not going to come down from this reason.
04:03There are many people in the wrong way.
04:05Maybe you are going to ask questions.
04:07I was going to know that you are going to ask them.
04:10So I took it myself.
04:12Because the price is an international commodity, its price is a discovery in the US and London.
04:19It doesn't mean it's not going to be in the world.
04:21It's just the most important price of China.
04:24But then, it doesn't have any impact on its price.
04:28Because of the price, people, if they believe about it, there is no difference between it.
04:32If they will not even buy.
04:33The demand is from the central bank.
04:36The demand is from high net worth individuals.
04:37The demand is from retail.
04:39The demand is from the retail demand.
04:40So I think the price is going to be higher.
04:43I won't say that people will buy it.
04:45Because I have said that you don't buy it.
04:48I will say that you will buy it.
04:49I will not say that.
04:51But those people who have a price, and who have it, most people have it.
04:56So keep that.
04:57It will give you a good return.
04:59Do not market in this operation.
05:02And not of the price will come to this operation.
05:04If it came to this operation, it will come to the crude oil.
05:07It will come to the dollar index.
05:09It will come to the bond yield.
05:10It will come to the greed of the price.
05:12It will not increase the federal reserve rate.
05:14This operation will come to this operation.
05:17you have to ask me questions
05:18before you ask me
05:19I have answered
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