With the Indian rupee hitting 56 and expected to go down soon to the 60 due to the lackadaisical approach of the congress government and all the scams hitting them, this presents a great opportunity for NRI investments in India
How so ?
Well
1. The prevailing interest rates are high . One can earn 9.5% on the Indian fixed investments
2. Over a two year period the rupee should head back to the late 40 or early 50.
This move back up for the Indian currency will give another 10 to 15% back to NRI when they convert the money back to usd
So all in all a great way to make 19-24% risk free profits over a two year term
Not bad at all
I wish I was in the us right now and could make use of this arbitrage
Not short term gain but min two year period.
Hope the NRI community is listening
No comments:
Post a Comment