Indian Economy News & Discussion - Nov 27 2017

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chetak
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

Russia's Sberbank given permission to open Nifty ETF for Russian investors.

MEANS- all Rupee trade surplus will be converted into Bharatiya equity & bonds - Part of the deal with Putin

Russia’s $60B+ annual trade surplus with Bharat is no longer “stuck rupees”.

Sberbank just launched a Nifty50 ETF for Russian retail investors — turning oil money into direct equity inflows. Smartest recycling of trade surplus ever.

Bharat gets long-term capital, Russia gets growth exposure.

Win-Win for Both.




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chetak
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

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Supratik
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Supratik »

We should do the same thing with Brazil and other resource rich non-western countries particularly in Africa. All in rupees.
drnayar
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by drnayar »

chetak wrote: 06 Dec 2025 19:42 Russia's Sberbank given permission to open Nifty ETF for Russian investors.

MEANS- all Rupee trade surplus will be converted into Bharatiya equity & bonds - Part of the deal with Putin

Russia’s $60B+ annual trade surplus with Bharat is no longer “stuck rupees”.

Sberbank just launched a Nifty50 ETF for Russian retail investors — turning oil money into direct equity inflows. Smartest recycling of trade surplus ever.

Bharat gets long-term capital, Russia gets growth exposure.

Win-Win for Both.




[img]https://pbs.twimg.com/media/G7ZOZJmaoAE ... name=large[/img
Does this bypass western sanctions given the equities also have exposure to western companies?

Also would it help russian crude imports if they are used inside India and not exported as derivatives
Supratik
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Supratik »

Sanctions we have to see. I am not sure if they have blocked Russian investors from western markets. If not then they will not. For the near term Russia is blocked from western markets. So India will be a good option to reinvest oil profts and earn money. Once Ukraine is resolved we can further increase oil imports from Russia and minimize oil imports from Islamic countries dealing through OPEC barring friendly countries like UAE which trades with us in rupees. Diversifying capital inflows from non-western sources will also dampen volatility coming from western FPIs. Today a few billion dollars withdrawn and our sensex goes down and rupee depreciates. Ideally we could do the same with China but for obvious reasons we cannot do it.
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