sh1tler t1_iuhkct2 wrote on October 31, 2022 at 11:56 AM

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

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

[deleted] t1_iuhlfc7 wrote on October 31, 2022 at 12:07 PM

[deleted]

sh1tler t1_iuhm2v7 wrote on October 31, 2022 at 12:14 PM

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

GandaKutta t1_iujc5nw wrote on October 31, 2022 at 7:35 PM

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

fortinvestech t1_iujt233 wrote on October 31, 2022 at 9:31 PM

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.