Today when
growth rate of India
I personally
feel that in coming 2 years (or up to coming general elections) rupee will show
weakness and after that it will again start improvement
In search
of the solution of NRE Vs FCNR, I tried to illustrate the best and worst case scenario
in both the case for this I have presumed that in best case rupee will come to
50 and in worst case it can go up to 58, so I will take these two figures in
illustration. I am considering present rupee rate as 55, present NRE interest
rate 8.5% and present FCNR rate 3.75%
Case –1 Investment
in NRE
$100 = INR5500
Invest for 2 years @8.5% then maturity value = INR 6508
After 2 years
If Rupee
performs well
Then
rupee rate will be 50
Maturity
value INR6508 reconverted to $ @ 50 = 6508/50 = $130 (approx)
In
2 years $100 will turn to $130 i.e. 15% yield
If Rupee performs
worst
Then
rupee rate will be 58
Maturity
value INR6508 reconverted to $ @ 58 = 6508/58 = $112 (approx)
In 2 years $100 will turn to $112 i.e. 06% yield
Investment of $100
$100 Invest for 2 years @3.75% then maturity value = $107.7
In 2 years $100 will turn to $107.7 i.e. 3.85% yield
So in
the present circumstances investment in NRE is suggestable
For other details / queries, drop a mail at prashant.singh@sbi.co.in
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