00:00Sir, let's take a look at the currency market as well. Yesterday, the Indian currency reached above Rs. 84 compared to the dollar.
00:08Is this fall only due to the outflow of foreign investors or is there any other trigger?
00:13Definitely, when we see an uncertainty in the global market, it affects the domestic market.
00:19But understand one thing that India is an exporting country and if we talk about India for the past 4 years,
00:25we see that our exports are good. If the export is good, it is good for us if the currency is falling.
00:35For example, in China, we saw in 2019-20 and 2018-19 that the US was imposing sanctions on China.
00:42To avoid that, China devalued its currency, due to which we saw a lot of benefit in China.
00:50If we talk about India, there are 2-3 things.
00:53We have seen an improvement in FDIs in the past 2 years.
00:56Our reserves have also improved.
00:59But somewhere, there is still a fall.
01:02If you compare 4-5 countries in the past year, India's currency is still stable.
01:09So, the impact of Erosion in Yen and Dollar has increased.
01:13In the coming days, I think we can touch the 84-20 level.
