Nakul Chugan (Article Assistant) (29 Points)
09 August 2011
USA has been UnderRated & India has been OverRated...but USD has Appreciated against the INR
Can nyone xplain me d logic...
Regards,
Nakul Chugan.
Chakravarthy3434
(Forex trader & CA FINAL)
(34 Points)
Replied 10 August 2011
Its nice that ur following the currency pairs from ur articles period. GOOD.
u should look at the currency from global aspect. Globally the major pair is EUR/USD.
Now Eventhough USD is under rated, the situation in Europe is far more worse than in US thanks to the "Sovereign debt Crisis" becoz of which Usd is more stronger than euro.
Therefor USD will get appreciated against any pair as it is stil a safe haven from different ppls point of view.
Regards,
Chakravarthy.
Nakul Chugan
(Article Assistant)
(29 Points)
Replied 11 August 2011
Thank u so much Sir, I havent been following the Euro..but i have observed that Globally its been very few ecomonies that have been Buying on USD such as India during this crisis ...That to at a time when our economy is outperorming most of the other economies..
With the High Interest Rates and Fall in price of Crude Globally is it still viable to buy on USD?... Are we encouraging Exports?
Chakravarthy3434
(Forex trader & CA FINAL)
(34 Points)
Replied 11 August 2011
Well u think alot :)
There are many perspectives. Taking a few as examples
Ofcourse the below things apply when every other thing remains the same.
(i) When there is any problem in ur family, u guys look up to ur father right ?
In the same way, when anything happens in the Economy, USD is the currency which every country looks for.
So it never loses its value coz it is the most demanded currency.
(ii) Our country buys USD in order to maintain stability in the market.
If it doesn't do so, then all the Companies which depend on exports will get wiped out because of lower USD rates.
There is alot to study about the markets, dont worry Start slowly and u'll know everything. :):):)
Regards,
Chakravarthy.
Nakul Chugan
(Article Assistant)
(29 Points)
Replied 12 August 2011
Thank u so much Sir, i truly wish to learn everything someday...but der's sumthin new to learn every day :) :)
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 02 May 2014
Creating a Checklist or ‘to-do list’ helps to ensure consistency and completeness in carrying out a task. Becoming an NRI is a major transition which definitely needs a checklist. Here is a personal finance check list to be taken care before departing from India.
https://holisticinvestment.in/resident-to-nri
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
Creating a Checklist or ‘to-do list’ helps to ensure consistency and completeness in carrying out a task. Becoming an NRI is a major transition which definitely needs a checklist. Here is a personal finance check list to be taken care before departing from India.
https://holisticinvestment.in/resident-to-nri
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
CAclubindia
