INR to USD at 105 within 5 yeara
INR continues to fall because: there is less demand of INR in the international market (in context of USD/AED).
you need to know this fact:-
Every time INR depreciates by 4% (plus other inflation=6%).
But, your salary does NOT rise proportionally (by at least 10%), you are working your way towards poverty.
A better question to ask is: where will INR be in 5 years?
1 USD= 105 INR
Why? because we run a constant trade deficit. And, our GDP is not growing fast enough. See attached
Some of our biggest firms are unable to export much.
They are Indian businesses selling to Indians; all protected by regulation.
Add to this freebie, statue building and excessive taxation, even foreign investments are drying up.
Why? because FIIs have no compulsion to invest. They have 10 other destinations to invest their money. more
you need to know this fact:-
Every time INR depreciates by 4% (plus other inflation=6%).
But, your salary does NOT rise proportionally (by at least 10%), you are working your way towards poverty.
A better question to ask is: where will INR be in 5 years?
1 USD= 105 INR
Why? because we run a constant trade deficit. And, our GDP is not growing fast enough. See attached
Some of our biggest firms are unable to export much.
They are Indian businesses selling to Indians; all protected by regulation.
Add to this freebie, statue building and excessive taxation, even foreign investments are drying up.
Why? because FIIs have no compulsion to invest. They have 10 other destinations to invest their money. more
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Helpful Post but Most Indian's do not have to worry here as they use INR in India and for example Rs. 1000 has a value of Rs. 1000 within India, not more not less, only concern is while doing international transactions/investments / Foreign Tourists / Price of Education and Healthcare Abroad etc. Consumers may see higher prices for imported goods such as electronics, luxury items, and even certain food products. This could reduce discretionary spending, particularly on big-ticket items like cars, smartphones, and travel. A weaker INR can benefit exporters and tourism, and it might not always lead to long-term economic issues if managed properly by the government and RBI. Additionally, the rupee’s fluctuation is a natural part of the global currency market and may stabilize over time. How to Protect Yourself from Currency Depreciation? Diversification: For individuals, diversifying investments between assets like gold, equities, and fixed-income products can help offset some of the risks of currency depreciation. Investing in Export-Oriented Sectors: Investing in sectors or companies that benefit from a weak rupee (such as IT, pharmaceuticals, or export-based firms) can be one way to shield yourself from the negative effects of currency depreciation. Monitor Your Foreign Expenses: For people planning to travel abroad or send children to study overseas, it might be wise to manage foreign currency expenses carefully, possibly by buying foreign currency when exchange rates are more favorable. In conclusion, while the falling INR has some downsides, it also presents certain opportunities. It is important for individuals, businesses, and policymakers to be aware of these impacts and make decisions accordingly. more
Nov 15
Total financial mismanagement!! On Tue, 12 Nov, 2024, 16:49 Ruchika L Maheshwari, < support@localcirclesmail.com> wrote: > more
Nov 14
There must be substantial cut in the import of consumable items/durables encouraging local quality productions thereof extending all kinds of government assistance. Make in India has to be ensured in all areas. To develop 'Make in India' as a cottage industry, we first need to pay important attention towards 'Skill development' with training facilities at Block/tehsil levels. Luxurious spending of foreign exchange should be discouraged. These are some of the lines we need to follow to arrest the trend in the future. more
Nov 14
Yes, we are working our way towards poverty, Before 2014 Modi kept saying that rupee falling is the inefficiency of Govt. at centre, WE AGREE WITH THAT. Sushma swaraj said countries pride goes down with falling rupee, YES WE AGREE WITH THAT TOO more
Nov 14
