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MyPeePeeReversed t1_iuhjd8f wrote

Reply to comment by GandaKutta in Indian Investments from USA in future by datastoner

Each month? You have to think why they are offering so much, probably nothing its completely safe.

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sh1tler t1_iuhkct2 wrote

Their currency depreciates almost 10% a year vs the dollar lmao this guy has signed up to hold fat bags

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[deleted] t1_iuhlfc7 wrote

[deleted]

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sh1tler t1_iuhm2v7 wrote

This year, look at the long term trends on the rupee looks ugly af, rather buy US treasuries and lock in 4% than gamble on an emerging market especially if you’re earning in dollars

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GandaKutta t1_iujc5nw wrote

I should have put a disclaimer on that. You are right the INR has depreciated (although less than other currencies).

I have long term vision in India for 20+ years and I think they will come out on top in spite of their shite PM.

There is a saying "China progresses because of it's politicians, India progresses despite of it's politicians"

Also I have a strong feeling USD is going to crash in 4-5 years. Most countries are slowly getting rid of USD https://economictimes.indiatimes.com/news/economy/foreign-trade/india-smaller-nations-talk-trade-via-rupee-accounts/articleshow/95189419.cms

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fortinvestech t1_iujt233 wrote

As long as the interest rate differential remain in place, the currency will depreciate. It might not depreciate for a year and then suddenly cover up.

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datastoner OP t1_iuhjmnj wrote

Indian Savings provide yearly not monthly I believe and these have been safe and favourite choice of Indians.

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GandaKutta t1_iujc97j wrote

yes I mistyped "yearly for monthly". rookie mistake.

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