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GandaKutta t1_iujc5nw wrote

Reply to comment by sh1tler in Indian Investments from USA in future by datastoner

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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