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Assam Burns




ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


Quote:
Originally posted by web2000
1 CAD dollar = 1 Indian paisa

Looks like time to take some risk by investing in Indian rupees.


That might be a bit of overstatement, but Yes, now the pendulum is gradually getting ready to swing in Indian Rupees favor..
Every one has written off India's growth story because India refused to allow FDI in retail, & the GAAR tax proposal, hence FDI hot money flew off bringing a sudden fall in Rupees.
Now that US fiscal cliff is more visible, & institutional investors/pension funds are realizing that the so called safe heaven (US treasuries) is in fact not so safe anymore. The capital which flew off India will come back driving Rupees stronger.. & at the same time India's domestic driven economy has enough resilience to surprise on the positive GDP growth..

Time to load up on Rupees in this opportunity... (but with caution, http://profit.ndtv.com/News/Article/five-reasons-why-indian-rupee-would-continue-to-fall-309318 )


 
Last edited by: ashedfc on 16-08-12 00:40:07
Post ID: 199811 15-08-12 17:32:22
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Delhite
Senior Desi
Member since: Nov 04




Posts: 938
Location: Brampton


Quote:
Originally posted by ashedfc

Quote:
Originally posted by web2000
1 CAD dollar = 1 Indian paisa

Looks like time to take some risk by investing in Indian rupees.


That might be a bit of overstatement, but Yes, now the pendulum is gradually getting ready to swing in Indian Rupees favor..
Every one has written off India's growth story because India refused to allow FDI in retail, & the GAAR tax proposal, hence FDI hot money flew off bringing a sudden fall in Rupees.
Now that US fiscal cliff is more visible, & institutional investors/pension funds are realizing that the so called safe heaven (US treasuries) is in fact not so safe anymore. The capital which flew off India will come back driving Rupees stronger.. & at the same time India's domestic driven economy has enough resilience to surprise on the positive GDP growth..

Time to load up on Rupees in this opportunity... (but with caution, http://profit.ndtv.com/News/Article/five-reasons-why-indian-rupee-would-continue-to-fall-309318 )



First this guy recommended investing in gold and later gold tumbled down. Later, he recommended loading on Indian Rupees and now Indian Rupees are touching its all-time lows despite Achhe Din.

There is something wrong.

http://timesofindia.indiatimes.com/business/india-business/Rupee-plunges-to-64-level-against-dollar/articleshow/47444559.cms

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A Delhite in Toronto

 
Post ID: 222249 27-05-15 10:34:37
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