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Browse > Home / All, Americas, Geopolitics, Regions / India putting forex reserves to work in time-honored fashion

India putting forex reserves to work in time-honored fashion

By   || January 31, 2012 at 14:19 GMT
|| 12 comments || Add comment

They’re buying weapons! French weapons, the be precise.

The contract is worth about EUR 8 bln. My guess is the Reserve Bank of India has a few on board already and won’t have to rush into the market to buy EUR/USD…

The planes are rumored to be equipped with the French-developed auto-surrender feature…

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Category: All, Americas, Geopolitics, Regions
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12 Responses to “India putting forex reserves to work in time-honored fashion”

  1. mike on January 31st, 2012 14:22 GMT

    hi guys any idea what time is the china PMI release

  2. Nigel on January 31st, 2012 14:27 GMT

    Forex Live is very short on charts, pictures or videos today.

    Could you address this please Jamie. Even if it’s just a “I Fart in Your General Direction” or something like that.

    Many thanks.

  3. Jamie Coleman on January 31st, 2012 14:28 GMT

    1:00 GMT

  4. Nigel on January 31st, 2012 14:34 GMT

    That’s the job Jamie, thanks very much!

  5. Colin Reimer on January 31st, 2012 14:37 GMT

    For 8 billion, they will get a few guns and Jeeps, but none of those fancy radar evading jets or drone planes.

  6. Jamie Coleman on January 31st, 2012 14:37 GMT

    I added a little snark to that post, just for you…

  7. Siva on January 31st, 2012 14:48 GMT

    Whats the auto-surrender feature, Jamie; F16 or F18 has this? I google-ed before asking though. ;) Personally I would have been happy if they selected the Eurofighter. But I am sure they know more than me :P

  8. chinaguy on January 31st, 2012 14:49 GMT

    “French-developed auto-surrender feature…”

    Thanks could use a good laugh

  9. Chris2 on January 31st, 2012 14:54 GMT

    There goes your French reader Jamie lol, Chris2

  10. Ove Sentlig on January 31st, 2012 14:55 GMT

    Maybe India will use gold to pay the planes …

  11. Oliver Dowding on January 31st, 2012 15:10 GMT

    The way his popularity is currently, Sarko could do with one of those features. Carla found out where it is. It could smuggle him out when the voters boot him out of office

  12. Rubin on January 31st, 2012 15:18 GMT

    > There goes your French reader Jamie

    There was only one?!

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