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MyPeePeeReversed t1_iuhjd8f wrote

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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