Indian rupee

Otherwise, the value of the stablecoin can go down.

So they're trying to mimic actual currency like INR or Chinese Yen or so on and so forth that you need to have federal reserves so that you can back it one is to one.

So now if you decouple the backing and the blockchain, the blockchain is very useful because it's basically a new protocol where anybody can join and accept settlements.

So it becomes a different messaging protocol that everybody agrees upon.

Here is another one.

The headline is Defense Ministry signs R.S. fifty three thousand eight hundred sixty six crore contracts for eight Navy corvettes.

The Times of India is reporting the details of this deal.

Seeing that number on the page, I mean, nearly fifty four thousand crore rupees is just staggering.

We invested 15,000 rupees.

So for the audience that doesn't understand INR, that's literally not even $150.

She has unlocked, literally earned, by the way, like six lakh rupees is $6,000.

And she's been able to unlock over $100,000 of financing for 4,000 women.

That's not a healthy sign as well, because somewhere it sort of perpetuates in the fact that India is no longer a growth premium story.

And if you want to invest in India, you know, they would want a much higher returns, at least the extra 15 to 20% in equity markets, especially given the way Rupee is behaving.

So I think very difficult times for the Reserve Bank.

But as I said, old-fashioned ways, continue doing the so-called old-fashioned reform.

You strengthen your currency through exports and all over time.

So I think the focus was his talk earlier, Rupee is overvalued.

Let it slip.

His timing was very unfortunate.

And Feb 28th morning, you know, Trump lets loose on Iran.

And then suddenly all bets are off the table because the price of oil goes up.

Rupee goes in a free fall in some sense.

It becomes weaker.

Vielleicht maximal fünf oder sechs, weil sie reisen.

Nun, viele von ihnen unterschreiben Schecks über Millionen von Rupien.

Sie verwalten Vermögenswerte im Wert von mehreren Millionen Rupien, aber treuhänderisch, nicht als eine Art von Besitz.

Es macht einen riesigen Unterschied, wie man Reichtum bewahrt.

Bewahrst du es treuhänderisch oder denkst du, es gehört dir und es wertet dich auf.

And by analyzing those two documents side by side, the pure arithmetic of luxury in this city becomes startlingly clear.

A standard palace room tucked away with no view of the lake costs fifteen thousand INR, or about a hundred and fifty-five dollars in the sweltering summer.

But when the weather cools in the winter, that exact same room inflate to twenty thousand INR, roughly two hundred and ten dollars.

Yeah.

Now let's introduce the view.

A terrace suite facing the water sits at twenty-six thousand INR, about two hundred and seventy dollars in the summer.

In the winter, it spikes to forty thousand INR or four hundred and twenty.

And the most aggressive scaling happens at the peak.

This intense bond purchasing activity signaled that fixed-income traders are prioritizing safety amidst volatile conditions in the equities landscape.

The Indian rupee extended its winning streak to a fifth straight session yesterday, appreciating 9 paise to close at 95.06.

Easing crude prices, unwinding of dollar long positions and firm domestic risk appetite supported the currency, though early gains were partly pared by a widening trade deficit and strong importer demand for dollars.

Nifty resumed its upward trajectory, rallying 374 points to close at 22997 yesterday.

Um, uh, some of the people in India were launching, um, stablecoin, uh, interest products.

So you could sort of, uh, invest your, uh, local currency, like INR, for example, and get 18% interest on it.

And I was very curious and, uh, sort of wanting to figure out how is this happening.

So I reached out to, again, the founder.

And this makes a lot of sense.

That bearishness makes a lot of sense when you think about the fact that this week we've seen dollar INR come off significantly.

This is because the RBI have, of course, for the third time this year, tried to shore up the currency.

And what they've done effectively is help to rinse out some of the positioning in INR, which is why you're seeing the currency rally this week.

But once that positioning is a little bit cleaner, I think we can expect this currency to continue depreciating.

Speaking of positioning, Elsa, what's that like in your world? You know, in some of these meetings, the euro kept coming up.