Inverse correlation – Sachin’s highest test score and the BSE Sensex
These two seem to be negatively correlated. As one goes up (read: Sachin’s highest test score – 12K-odd runs), the other goes down (8K-odd as on Black Friday – 24th Oct 2008).
What are the other alarming statistics of the Sensex?
Jan 2008 – scaling peaks of 20K
Oct 2008 – trying to negotiate the plains of 8K
Dow Jones – trying to negotiate the plains of 8K
State of the US economy: Close to a recession
State of the Indian economy – Expected GDP growth to slow to about 7%
Indian’s forex reserves: $250+ billion (RBI has been pumping in dollars to help maintain the rupee position)
China’s forex reserves: 1.5 trillion dollars.
This is what I could get from the RBI website (publicly available data – http://www.rbi.org.in/scripts/WSSViewDetail.aspx?TYPE=Section&PARAM1=2).
As per this data, it is clear we don’t hold much of our reserves in form of gold. The percentage is about 3% while foreign currency assets is about 97%. The US has a different story with a majority of their reserves held in gold.
