Why INR will always Depreciate? Who does it benefit the Most ? A THREAD. pls #Retweet

This was the scenario in 2020. Yet INR depreciated from 70 to 74. Meanwhile the FX of Many Asian Countries Appreciated vs the USD.
Why did that happen ? RBI makes PROFIT when INR depreciates. INR is RBIs liability and $/Gold is RBIs asset. RBI pays 60000cr Dividend to Govt.

When INR depreciates, the BIGGEST component of GST which is IGST benefits the most due to GST on IMPORTS. GST collections improve when there is INFLATION. We are a price taker in COMMODITY PRICES. DEPRECIATION helps RBI and GST.

Hence GOLD is a good hedge