Posts Tagged ‘rupee’

Weakening of the Indian Rupee

June 25, 2012

The Indian National Rupee has seen somewhat of a record slide in the past couple of months. From trading at around the Rs. 45 to the USD mark, it has slipped to the Rs. 55 to $1 mark. What does this mean? It means big benefits for NRIs like myself. How? Simply because we are getting much more bang for our buck. Any transfers or investments to and in India right now have suddenly become much more lucrative.

Let me give you a quick example. I used to transfer around 1000 US dollars to my parents in Chennai each month. Our calculation was based on their requirement of approximately Rs. 45000 per month. Now, with the rupee having gone down in value, the same 1000 dollars gets them 10,000 rupees more.

There is in fact so much more value to be sought right now, with the current slowdown globally, and the weak rupee in an otherwise resurgent Indian market, that not only is it the right time to remit money, but also to do bigger deals. It is only natural that the larger the sum of money one is spending/investing, the better value one gets. Add to the already low rupee rate, it’s the absolute ideal investment environment in India, especially from an NRI’s point of view. With a cash crunch in the Indian market, projects are stalled and wanting for investments. And all this put together, makes it the perfect time to act and invest for long term and earn rich dividends.

1. Investments in Real Estate are very highly recommended.

2. Investments in the Gold and Silver markets are can fetch very good value right now.

3. And as far as remittances go, it’s a good time to make remittances in bulk, so that you and your loved ones can enjoy the currently low trading value of the rupee, which may not stay for too much longer.

If you are an NRI like me, I would sincerely advice you to take advantage of the many benefits of the weak rupee right away!

If Money wasn’t an object

February 15, 2012

They may say that money is not the most important thing in life, yet most of our lives revolve around it. It determines what education we can receive, what type of job we are finally able to get and for lots of us, our geographical location as well. Just like you have to move to Mumbai if you want to work in the Indian film industry, a lot of people move abroad since it pays better to work in same jobs. From menial jobs to heading a company, the simple mathematics of Dollars vs Rupees means it pays more to be abroad.

People may blame it on career opportunities, better living conditions, etc. but it all ultimately boils down to money. That is the sole reason for many to move abroad. But what if money was not the object? Say you already had all the money you would need to live a more than comfortable life? Or we were living in a sort of Utopia where money didn’t exist! What would you do then? What would your career choice be? Money can be a great motivator, but is that all that drives you in life? There are many people who have been able to follow their desires and passions and earn money for it, but all of us may not be as lucky.

Would you choose to donate all your time to a good cause or just laze around and spend your time doing nothing? Would you try and pursue a passion for music and try to become a Rockstar? Or try and break into the entertainment industry? Is your high power corporate job what you would still love to keep?

So many questions but there can be only one answer. And that answer has to come from within you. So think hard and let your imagination go wild…If money wasn’t an object, what would you want to do?

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