RamaKrishna Vadlamudi, CFA

CFA Institute 10 Year Milestone 10 Year Certificate of Achievement Professional Learning Program 2025 Investment Professional #acc.4NMmGTZj" target="_blank" rel="nofollow noopener">credentials.cfainstitute.org/c848f4f2-7a61-… #cfainstitute #cfaprogram #FinancialServices RamaKrishna Vadlamudi, CFA

Economist Ajay Shah @ajay_shah has long argued Rupee is a shock absorber for Indian economy -- in the sense, RBI @RBI and Govt of India should allow Indian rupee to depreciate in times of stress. With USD INR exchange rate at 94.85, authorities seem to be following his advice.😀

Higher deficits raise yields (already happening), greater interest cost for governments, rising cost of capital for India Inc and eventually price rise for common man. Shareholders of state-owned OMCs and bond investors in India will bear the redistributed losses.

Thiru PM Modi gov't doesn’t pass on full fuel price cuts when crude oil falls, and shouldn’t “absorb” losses when crude rises. Only market-determined price signals can influence consumption and efficiency. Let consumers adjust behaviour, not policymakers micromanage prices.

Thiru PM Modi government “absorbs” fuel losses → fiscal deficit rises. Higher borrowing pushes up interest costs and spending gets squeezed. The burden ultimately falls on common people. x.com/DDNewslive/sta…

There’s no “free absorption”—citizens ultimately bear the cost, via higher prices, taxes or borrowing, the burden shifts to citizens. No free lunch at all—fuel losses don’t vanish, they just get delayed. Calling it “absorption” is misleading—it’s simply postponing the bill. 👎

If I've to conquer East India and South India, you need to be sacrificial lambs. x.com/EconomicTimes/…

Will Maruti 800 make a comeback in India?

@dugalira @kalrajs23 Arguing, for quite some, that Foreign Currency Assets (FCA) are the most correct / appropriate metric to use when assessing India’s overall foreign exchange reserves. Flagged this to you @dugalira a few months ago. 😀 x.com/WhyDan4/status…

@dugalira @kalrajs23 Actually here I compared India US Treasury holdings with FCA (share of UST in foreign currency assets). cc: @mosesharding My blog with comprehensive analysis: Check update 10Jan2026 with Charts 166 to 168 > India Forex data bank ramakrishnavadlamudi.blogspot.com/2024/06/forex-… x.com/WhyDan4/status…

@dugalira @kalrajs23 From my blog pages of 10Jan2026 > Foreign currency assets (FCA) are the largest, most liquid part of India’s forex reserves and directly reflects RBI’s US dollar operations. India Forex Data bank ramakrishnavadlamudi.blogspot.com/2024/06/forex-… x.com/WhyDan4/status… ... x.com/WhyDan4/status… ...

@dugalira @kalrajs23 Comparing India UST holdings with their share in forex reserves, as well as FCA; with additional data of India gold holdings & gold share in total FX & RBI physical gold holdings > Diversification strategy of forex reserves by RBI: India Forex Data Bank ramakrishnavadlamudi.blogspot.com/2024/06/forex-…

Feels like my 95-year-old brother on his deathbed dictating terms to a healthy, young me. 😂

Bernstein makes a point on India's FX reserves that I have been debating with Reuters FX experts @kalrajs23 and Nimesh Vora: Should India's true FX cover be measured as foreign currency assets, adjusted for forward position and not total reserves given the higher share of gold? That would take usable reserves to about $480 billion or so? (Last reported FCA at $555 billion and forward book last reported at $68 billion) Bernstein makes that point today. Views welcome!

@BrianFeroldi Everything is perfect, except the last one! Brian Feroldi: "Work creates income. "Income buys assets. "Assets create wealth. "Wealth buys freedom." For many, wealth does not lead to freedom. 😂

Work creates income. Income buys assets. Assets create wealth. Wealth buys freedom.

India energy security > We in India have ignored it for too long at own peril. We're going to bear the brunt of this criminal neglect in the next few years, may be decades.

The only oil minister who talked about India energy security in the past two decades is Mani Shankar Aiyar. Blog date 05Feb2010: OIL SUBSIDY BURDEN - Why The Kirit Parikh Committee Recommendations Should Be Taken Seriously By The Government ramakrishnavadlamudi.blogspot.com/2010/02/oil-su…

Update > Charts 182 > FPI flows in equity segment > In March 2026, with only six trading sessions remaining, FPI selling has accelerated sharply, with net outflows already reaching about USD 9.5 billion. India Forex data bank 🧵 > ramakrishnavadlamudi.blogspot.com/2024/06/forex-…