As a NRI Should I Keep My Savings As Dollars Or Rupees ?

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[dolikapandey]

I was looking for this answer everywhere and nobody was able to explain this as clearly as you . Kudos to you for this financial education series

[dr]

Very Nice and crisp explanations. To add some points, even when US inflation exceeds that of India, RBI always has a policy to manipulate to make the rupee weak because they can keep selling INR and buy USD while they cannot do the other way around. So INR appreciation is almost not allowed except for a brief period until RBI intervenes. Secondly, once you start investing in India Income tax guys will start haunting you like a criminal asking questions on 6 to 7 year old investments multiple times and take all your time attending their summons and paying to auditors. From my experience it is better to invest outside India and keep limited investments in India to live a peaceful and respectful retirement life preferably as NRI. Even real estate investment returns for the past 10 years is insignificant considering the rupee depreciation, low rental rates compared to other countries though this is for a specific period.

[dilipupadhyay]

Very good advice about keeping dollars or covert to INR. Thank you.

[SSModi]

Good detailed info on this question. Every NRI struggles with this. I have been lucky to keep all cash in USD.

[ksquareonline]

Indian Ruppee has as a trend always declined over last three decades, Gr8 Advice sir.. Please keep up the good work.

[vithalbhaisheladia]

thank you. Very informative. You made very clear. It is just like it is effecting you personally. Thanks!!!

[donbon]

Good analysis !! The speaker, has clear vision and clarity. I subscribed for this portal.
Regarding INR, in coming 1 year, it will appreciate verses US $. Or at least stay at par, as at present.

[shajiruby]

Fantastic, Comprehensive hitting the nail on its head.

[saibalmajumdar]

I have seen dollar for Rs 5, 50 and, I see now a dollar going for 73/74 INR. The trend was never in favor of Rs, nor it is now. Guy talks about if the inflation in India goes to two percent, and US inflation climbing to 6%, I will say that is a most unlikely scenerio. Only for two years ( 1979 and 1980) US inflation touched double digit, and for last few years inflation is below one pecent, and average US inflation has been less than 2% in last 50 years. India on the other hand always average 6 to 7% inflation and peak 27% this year due to the pandemic. So friends, I will never bet on Rs, for me dollar is the safest investment. It's your money, you can decide for yourself.

[jayaramarunachalam]

Excellent presentation for NRIs. Very clear. All aspects considered. Thank you

[sunnychirayil]

To your question about inflation and Indian rupees position in the coming six months.,
Dollar will strengthen and rupee will loose, again my speculation is rupee will position around $1 = Rs 74, 75. Thanks

[saromaliga]

Thanks a lot for the info. Very useful.

[paullesagrado]

You are really a fountain of knowledge...

[akindian]

You are doing a great job for NRIs Sir

[dadu]

Very well presented Dr Bhat 👌
Thanks a lot. Fully agree with your views.

[mehulsanthosh]

I can't thank you enough for providing me with this answer. Sounds simple enough to factor in the inflation rate when looking at interest rates of India and here in Canada. I was thinking of deposting money in India thinking of making more due to the interest here which is around max 1.25% to India which was giving me 6% average. Thank you for this video.

[cleopatracl]

Thank you very much. Very clear video. For the first time I’m understanding the role of inflation in deciding on parking money

[VikramPurohit]

Video starts at 14:16 and ends at 15:30

[roshansvideos]

No hype, Just the right advice. Perfect!

[kgeorge]

Thanks very much. Very well explained.