Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
RE:Open the door
by New Blogger on Oct 18, 2007 10:54 AM

Well as of now India is getting more dollars from everywhere. And what is RBI doing with $250 billion reserves?? Guess.... Its putting it in the Bonds issued by American govt much like what Chinese and Japanese are doing with their $750 billion... So effectively they are invested in bonds giving us a return of 2%... Aren't we subsidizing US? We sell them goods and software... then give them money to buy these good at 2% interest....
What's the harm if this money goes to buy Nuclear Reactors and fuels???

    Forward  |  Report abuse
The above message is part of the Discussion Board:
USIBC confident of Indo-US nuclear deal