Thursday, June 30, 2022

Rupee Slides Against Dollar, Indian Media slipped into Deep Slumber

 Indian Rupee falls against US Dollar, Indian Media falls into Deep Coma.

In 2013, When Indian Rupee fell against US Dollar during PIIGS and Cyprus debt crisis,  Indian Media used to shout :

A. Rupee fall means crude oil and other essential imports would cost more, we would be importing higher inflation into our economy. 

B. India's foreign debt will increase as they are in US Dollars. 

So on and so forth ..

All these are still true, but Indian Media has lost its voice and now doing "Colgate Ads" with dazzling dumb smiles.

One can say, every audience gets the telecast that they deserve as every Media channel is only reflecting their owner's business and political interests . 

With RBI having very high US Dollar reserves, clearly they can defend Indian Rupee at Rs. 76-77 levels .

 it seems Media is so trapped in "Modi worshipping and Supporting BJP" that it will air "Warm and Sweet Weather" programs even if they are put on fire or a hot stove.

What is Happening to rupee can be explained, it is Ukraine War - Russian Crude Blockade. What is happening to Media is TRAGIC. 


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