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

#nri #nrimoneyclinic #financialplanning
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[@vithalbhaisheladia7533]

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

[@cleopatracl6025]

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

[@rahulgholap2008]

Amazing information ,too good, I was searching for perfect answer and here I am

[@donbon9770]

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.

[@sudhakarsolleti]

Thank you. I was looking advice on this question.

[@kd1366]

Very nicely explained.Thank you for uploading video.

[@saromaliga5937]

Thanks a lot for the info. Very useful.

[@jagaipadahaldar39]

Thank you sir for your advise and helping attitude .

[@palanimech]

Thank you for the free knowledge.

[@brpcutube]

Very good information and decision making process. Thank you .

[@shajiruby2346]

Fantastic,Comprehensive hitting the nail on its head.

[@desisex09]

Excellent presentation with clarity

[@mg.f.9023]

Amazing clarity! Many thanks, more Power to you!

[@NRIMoneyClinic]

Thank you so much for your kind words. Please subscribe and keep sharing the videos

[@vaibhavbhame]

Awesome content 👌👍👏 Was looking for this info due to covid-19 situation. Thanks 👍🏻

[@NRIMoneyClinic]

Thank you very much for your kind words

[@e.punithavathyveeramani5321]

Explained very clearly thank you

[@dr2767]

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.

[@southern-sunshine]

Most underrated comment. What you say is 100% true

[@letuskonnect2591]

Crisp summarized!👌

[@kvkiyer1977]

Very well said!

[@RRD111]

recently Indian IT asked me how much interest rate I got on some FDs six years ago

[@RanjeetSingh-bl6ry]

The best and most logical explanation so for I watched!!

[@jayaramarunachalam3638]

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

[@NRIMoneyClinic]

You are most welcome. Please subscribe and keep sharing the videos

[@maheshnair208]

We are blessed to have your videos, keeping it so simple to understand!

[@SrikanthPRABHA7]

How did I miss this channel 🤔. Excellent

[@SSModi852]

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

[@nradhakrishnan3717]

first time visitor to your channel and like it so much ..very good explanation ..thank you .. subscribed and started sharing ..

[@sidney707]

Would be great if you could explain in other videos how to best invest dollars (other than fixed deposits)..

[@nimish8653]

Good stuff. Answered a lot of questions I had.

[@NRIMoneyClinic]

Thank you very much for your kind words. Please share it with your friends.

[@dolikapandey5425]

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

[@NRIMoneyClinic]

Thank you so much for your kind words. Please subscribe and keep sharing the videos

[@prashanttiwari3884]

If it's clear than tell what should do if person wants to retire in india .. on intrest it's 30% tax

[@nabilzan]

@@NRIMoneyClinic After keeping it in USD in Indian bank , could I take it as RS easily whenever I need?

[@nabilzan]

@@NRIMoneyClinic can we take the money and use in India if we need from FCNR account ?

[@kgeorge1736]

Thanks very much. Very well explained.

[@noanarchy]

Such an informative video.

[@fredutah]

Thank you sir. you are the best financial advisor of all time

[@ankitwww]

very mature advice!

[@shrikanthnaik9522]

very useful tips... such information no banks will give to their clients

[@abdulmajeedhassaghani2138]

Excellent program. Very informative for us NRIs

[@paullesagrado]

You are really a fountain of knowledge...

[@hsdas0607]

Thanks Dr. Bhat. Your vdos always give us important information on financial issues. Thanks a lot.

[@karthikeyanboopathy2933]

Hello sir.. thanks for the wonderful informative video.. to oblige to your request at the end of ur videos.. here is my thoughts - following the recent press release by the fed and the reactions in stock market in US, it appears that the inflation in near future is goin to be more than usual in US, so I assume that means Rupee will depreciate less.

[@krishnamullur6359]

Good narrative in a simple way in current situation. Things will be very kinetic from time to time when it comes to financial wealth. The change in worth of a dollar or rupee or any such currency depends on multi dimensional aspects of a country's economical well being mainly and volume of trade it has internationally. I expected he would explain what contributes to inflation. Inflation is mainly of printing paper currency recklessly to distribute when there is no real production to net effect. Like the cost of real estate multiplying in 5 to 10 digits in any nation when the piece of land is just appreciating with out zero production from it as a raw material. If you treat a piece of real estate over grows it's value inflation will cross double digits. Good communication on current state of Rupee Vs Dollars.

[@NRIMoneyClinic]

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[@rajeshwargaddam7336]

Thanks for good analysis and guidance

[@NRIMoneyClinic]

Thank you . Please subscribe and keep sharing the videos

[@rambaskaran1729]

Sir, Thanks for the good advice!

[@NRIMoneyClinic]

You are most welcome . Please subscribe and keep sharing the videos

[@drkamalnarain8276]

Very informative and well explained

[@dadu251]

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

[@NRIMoneyClinic]

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[@mehulsanthosh2888]

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.

[@nihanweerakoon9884]

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[@jasonmonteiro1711]

Good Video Mr. Bhat, easy for a layman like me to understand and get a fair Idea on how and where one can invest. Thank you for the video. I believe that, as you said, and per the current trend the rupee will depreciate further slowly but surely.

[@ksquareonline2836]

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

[@dilipupadhyay516]

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

[@Abdulvlogs6467]

I have watched your video for 1st time, ur videos are very informative.make much more videos and keep rocking.

[@NRIMoneyClinic]

Thank you. Please subscribe and keep sharing the videos

[@Chandra775]

Great simple explanation !!! keep it up to educate the commons ...

[@saluskumar1508]

Amazing explanation for a confusing topic... randomly came across the channel.... great effort sir👌

[@NRIMoneyClinic]

Thanks and welcome. Please subscribe and keep sharing the videos

[@KavithaKukunoor]

Thank you so much Sir for this very informative video.

[@DeepakSDaniel]

Very helpful. Thank you

[@SubramanianIyerUrologist]

Very Useful, crisp and point specific.Thank you Dr Bhatt💐👍🌺

[@SureshKumarKSkayikkara]

Very informative and to be followed in letter and spirit .

[@NRIMoneyClinic]

Glad it was helpful!. Please subscribe and keep sharing the videos

[@writeramitabhaneilrayofusa6037]

very nice suggestion..... thanks

[@sajidkhalfe9968]

Thank-you!

[@sourabhbhowmick5013]

Excellent content

[@pradeep7573]

well explained, subscribed!

[@NRIMoneyClinic]

Welcome aboard!

[@sounikbanerjee9751]

Thanks for this video

[@salilx]

Thankyou sir for this informative video! Will it make sense to invest dollar(via NRE account) in Indian equities for long term goals like children's education and one's retirement ? Indian equity should beat inflation and at the end the only extra I'll bear would be the repatriation cost(INR to Dollar) to the Bank.

[@SumitInDenmark]

Excellent explanation. Always had exact same doubts which got clarified with relatable practical example.

[@NRIMoneyClinic]

Glad it was helpful!

[@j.r.6517]

Well explained. Excellent. 👍

[@MS-yn1zj]

great presentation .. my research also proved the same what you said..

[@NRIMoneyClinic]

Thank you very much for your kind words. Please subscribe and keep sharing the videos

[@insightkr7958]

Sir, great knowledge and Good Idea.... One questions please....

[@anujgautam2502]

Very nice and clear explanation sir ..

[@1946Rohit]

Very informative video. My simple question from where we get the data of inflation rate and is it by month or in other form ? Thanks.

[@kevinnelson4936]

very information video. Thanks!

[@jimmyjohn4593]

Simple explanation & easy to understand 👍👍

[@NRIMoneyClinic]

Thank you. Please subscribe and keep sharing the videos

[@tupsmis]

Well explained.

[@rharshad93]

Thanks Dr. Chandrakanth Bhat. Very well summarized.

[@NRIMoneyClinic]

Thank you very much for your kind words. Please subscribe and share it with your friends..

[@anuvlogsdubai7700]

Hi thank u very much I was looking answer for this matter no one able to answer clearly as u explain... I am from srilanka right now we are facing high inflation

[@jaindratripathi1166]

Your opinion and knowledge are excellent.

[@roshansvideos]

No hype, Just the right advice. Perfect!

[@ivanedswin]

Sir can you please make video on taxation on equities and debts on NRI investments in India and also please include about TDS deduction and reclaiming procedure..

[@indiramurali4794]

Good explanation but you didn’t mention about its income tax implications can you explain on that part

[@AftabKhan-lg8uc]

Good informative episode

[@indooldguy6498]

Thank you for keeping both title n presrentationn in english

[@Rahulhere]

Great Useful Explanation!!

[@NRIMoneyClinic]

Thank you for your kind words. Please subscribe and keep sharing the videos

[@jbs7808]

Very valuable information

[@NRIMoneyClinic]

Thank you please subscribe and keep sharing the videos

[@ashwaathyashwaathy5679]

Very informative. Thank you Sir for doing such videos.

[@FinancewithArjun]

Great video! It's very important to keep in mind your long-term goals when making this decision.

[@NRIMoneyClinic]

Thanks for your feedback. Please subscribe and keep sharing the videos

[@ashrosh112]

Great video. Very informative 👍

[@saivivekbalina8184]

Your points are absolutely right. BTW. What if we send the money to India and we invest in real estate?

[@sunnychirayil353]

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

[@venky1777]

Great video

[@NRIMoneyClinic]

Thank you . Please keep sharing the videos and subscribe

[@harishkd1]

Very good explanation sir ..easy to understand and remember as a thumb rule

[@NRIMoneyClinic]

Thank you so much. Please subscribe and keep sharing the videos

[@harishkd1]

@@NRIMoneyClinic Generally I don’t subscribe but after looking your video for few mins itself I was very much impressed with easy and simple ..straight neat explanation ..I shared your other videos with my father ..BTW are you in dubai ??

[@akindian1697]

You are doing a great job for NRIs Sir

[@kishor1513]

First time I hear your video very useful for me

[@yetanothercsstudent]

You talk about how holding dollars vs rupees doesn’t matter as it will be a wash. My question is won’t there be a difference in return owing to how interest is taxed in India vs the US?

[@hchetri3847]

Very clear

[@vikas0505]

Good video Mr Bhat. I was wondering how this will pan out when my savings are in SGD as Singapore currency is supposed to be based on a basket of currency which includes Euro, RMB, GBP besides the USD? I noted this video is 2 years old. The SGD- INR has moved from 45 to 62 in that period wiping out all my Indian FD interest in INR and also some principle capital

[@sivakumars1712]

Well articulated.

[@NRIMoneyClinic]

Thank you so much for your kind words . Please subscribe and keep sharing the videos

[@sanjaydongre]

thanks chandrakant ,

[@socratesvijayarangan3929]

Thank you Sir.

[@NRIMoneyClinic]

You are most welcome

[@ankurbbhatt]

Dear Mr. Bhat, Thank you for your videos. The problem NRIs face with keeping money in NRE accounts is repatriation of money from the NRE account to their foreign currency account. I am in Australia and struggle to get the money/ interest accumulated in the NRE account back to my Australian bank account at a good exchange rate. Banks are the worst in shaving large sum of the the profit in to-fro movements and there are not many organizations which offer this service. Please advise/ make a video on better repatriation options other than banks if you know of. Thanks again, subscribed!

[@NRIMoneyClinic]

Dear Ankur Bhat, Yes a problem exist in this sphere . Not many money exchanges are there in India . You Can try Thomas Cook branch to remit back which may give you better rate. Don't transfer small amounts of money as fixed charges from banks will eat up your amounts. You can also consider FCNR deposits in Australian dollars if that helps. You may also consider opening a singapore account with ICICI bank or any other private Indian banks . If you have a specific query send it on my whatsapp [phone]. Please subscribe and keep sharing videos.

[@shichipa]

This is I am looking first Vedic of NRI and it is very informative. I would like to see your all Video about NRI.

[@NRIMoneyClinic]

Thank you very much for your kind words

[@jeyakumarsabapathi1794]

Topic is very good. Sir as a person who hv worked in forex banking since 1981, i feel its worth keeping beyond say a year or six months needed amount in foreign currency USD here.

[@narendrabhagalia2522]

Excellent 🙏

[@nehasingla5235]

Great Explanation. Thanks a lot Mar Chandrasekhar. But with the changing world order, anticipated recession in US, outperformance of Indian markets and emergence of strength into another currencies, the Dollar/ Rupees might change. I guess, your suggestion of hedging USD and INR against each other may be better deal for all the needs . Thanks a lot once again.

[@lakshmikanthreddy9496]

ChandraKanth it seems :)

[@abdulgafoor1042]

Well explained

[@NRIMoneyClinic]

Thank you . Please subscribe and keep sharing the videos

[@hchetri3847]

Excellent

[@ajithcheruvally7964]

This is a really informative video

[@NRIMoneyClinic]

Thank you for your kind words. Please subscribe and keep sharing

[@rsvppks]

M

[@rsvppks]

@@NRIMoneyClinic ....

[@ernestgeorge3835]

Very informative video. However, let’s say we maintain a split between rupee & dollar, and invest rupee into higher return yielding diversified mutual fund (hybrid, large cap, mid cap, debt fund etc.) wouldn’t that be a better option? I understand there is no guarantee for the return % in the mutual fund space but recent returns have been great. Please advise your thoughts.

[@NRIMoneyClinic]

You have have a point . You cant see recent market performance to a long term average

[@akhileshjain9173]

very well explained, however, since Australian banks offering low interest on FDs, what if I remit Australian dollars to Indian NRE account and create FD as currently the interest rates are 7+% from some banks, and later on maturity i repatriate that money to Australia. I understand the Rupee to AUD conversion rate and foreign income tax will negatively affect the yield. Still I would like to know in your opinion how does this sound? Thanks in advance