Loss of purchasing power
Hey Fatfired folks,
I’m a US based NRI with no plans to return anytime soon. I’m making this post to gather people’s thoughts here.
Is anyone really worried about currency devaluation combined with poor stock returns/future of Indian economy?
My NW in INR has increased by almost 5 cr just in the last 4-5 weeks as US stocks and the USD (relative to INR) continue to rise. Its increased by 25-30 crores in the last 2 years . This seems unprecedented.
I really don’t know what the future holds but oil prices are predicted to remain over $100 a barrel for the rest of the year. FIIs (rightly so) seem to have given up on the India growth story. Indian economy boomed due to the IT service sector boom from 2000-2025 but even that is in danger. There seems to be very little innovation or FDI. India missed the manufacturing pivot which was critical.
How are the Fat fired folks digesting all this info. Most of your assets are still in INR ? Are you going to use the LRS going forward ? Are you hedging against it ?