For the first time INR is above 90 as compared to USD. That means 1 USD is equal to Rs 90. This year alone the INR has reduced for more than 6%. It was 84.71 just 1 year back and now it's 90. Though it was brief and now the INR again back to 89.78.
PC: Google.com
The thing is, it's mainly because of the Tariff applied on India. India has one of the highest tariffs in the world where the tariff is around 50%. This is mainly because the tariff was no sorted as well as their is a penalty of buying oil from Russia. But if we see the GDP is quite high and the inflation in India is quite low. So overall it doesn't have much effect on the normal people.
But for someone who is travelling or spending money on USD for them its a costly affair. Similarly whoever is earning in USD, for them its good because in the last year they have earned 6% extra because of the conversion. And that's why I feel, now investing in the US Market is much more better option as it will diversify more as well as help you to earn more.
For example, you get 12% on US Market earning in USD. Now if we add 6% to it, that is what you have earned if we convert the USD to the INR. And that's why I have started investing in small quantities to the US Market. Mainly I am investing in VOO which invests in the top 500 companies in US. This is trh easiest and safest way to invest in the US.
So if you are from India or any other country where the currency is falling, you should invest in the US market to get thar advantage.
