As Indian Media Leave Their North Korean Counterparts far behind In Bootlicking Supreme Leader,
At least, Ask Shitty Modi to smell the Adani Shit he shovels..
Modi thinks last 2 days of stock-manipulation by SEBI, LIC and SBI to put 100% increase in Adani Enterprises Stock has changed the game, In fact , it has changed nothing ..
Indian Media is hiding the fact that French Oil Major "Total" has put a hold on their Investment In Adani Green Power, that despite making a record Profit elsewhere In the world .
Today again, Many Adani stocks hit lower circuit breakers. This has become a daily feature , Short sellers book profit in the opening, Modi sends Public Fund entrusted LIC, SBI to up the market price. In this short-selling pressure, Indian Currency continues to slide.
Fact is not just Adani stocks are vulnerable now, but Indian Banks and LIC, largest life insurance company is also extremely vulnerable .
Now Adani has Zero credibility among International Investment Communities and will be hard-pressed to meet its foreign loan obligations . I'm sure Shameless Modi will order back-bone-less RBI to open countries' entire foreign currency reserves For Adani.
One has to be special kind of dumb crony capitalist as Modi-fans are, to cheer meaningless copy of Adani CFO's speech as fine example of "PM Modi's oratory prowess ".
I'm waiting for an Innocent Voice In Indian Media to say, "Emperor Is Naked" .. for he truly is.
Ask Godi Media about Falling Rupee
While Dollar Index is now down 10% to 103 (from Its recent high of 114), Indian rupee is still at historic low against USD almost touching Rs. 83 for a dollar level .
Compare this to Dollar Index Peak, Indian Rupee is at Rs. 92.50 level. Will this not put strain on India's costly imports? I understand , Government will Provide under-the-table concessions to Oil marketing companies , but for how long?
As it is, Government of India will spend most money from Its budget on Pre-Election propaganda .. Over and above that, Government Of India have to recapitalise PSU banks to prevent Adani losses coming to surface, sometime in June or July.
Because how else will Adani get his hands on "Container Corporation Of India" , without accessing LIC and SBI money ? Where will US Dollar be when Modi gift wraps every PSU to Adani? Right now, Indian Rupee is Weaker than Russian Ruble.. That's despite all these Western Sanctions On Russia .
Does any Indian Journalist even cover ForEx tantrums ? Or are they busy hugging the Cow?
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