NRE deposit rates

I wrote about the great interest rates that were being offered to NREs.

In the latest review in outlook money
, in a very lucid manner they have written about why NRI should very shamelessly invest in india through Indian banks.

Compare the 9.5% rates vs the 1-2% in the us .
The downside is the forex rates ... But even if the Indian rupee comes to 65 a $ they will still earn more than in the us.

However , the Indian rupee is back to 50 levels and is going to tred higher in than trending lower ( hopefully).

Hope my us readers are listening

Smart investing