INR vs USD, GBP, EURO, YEN

From end of Jan to end of Nov of year 2007 INR has
- gained 10.19% against USD (see chart INR vs USD below)
- gained 5.63% against GBP (see chart INR vs GBP below)
- LOST 2.11% against EURO (see chart INR vs EURO below)
- gained 1.29% against YEN (see chart INR vs YEN below)





Data source: Reserve Bank of India

My Choices

1. MF or FD? MF
2. RD or SIP? SIP
3. Debt Funds or Equity Funds? Equity Funds
4. Growth plan or Dividend plan? Growth plan
5. Fixed or Floating? Floating
6. Penny stocks or Index stocks? Index stokcs
7. Rental house or Own house? Own house
8. Apartment or Independent house? Independent house
9. Futures or Options? Options
10. Long term or short term? Long term

This is purely based on my research and based on what has worked best to me. Five years from now my investment strategies may not be the same as above.

What's yours?

INR vs USD

Rupee is appreciating day by day. In an effort to bring down the inflation to a desired figure (below 5%) Government is just watching the Rupee's appreciation with a mild smile.


Rupee has touched 9-year high against USD. Today Rupee closed at 40.15 against 1 USD.


While there is a straight forward benefit to the importers, experts say that there is indirect benefit to the exporters too. Still I am trying to figure that out. Still a novice, eh?

Trend of INR vs USD for different intervals is below:

Dividend Earnings

Mukesh Ambani - Rs 869 cr
Azim Premji - Rs 697 cr
Shiv Nadar - Rs 403 cr
Anil Ambani - Rs 87 cr
N.R.N. Murthy - Rs 33 cr
Nandan Nilekani - Rs 23 cr

This is dividend income of some of the big shots in India in year 2006-07.
Source: Business Today

What was yours?

Worth it?

Inflation was 6.1% for the week ended Feb 24.

Highest inflation rate during this fiscal year was 6.73%.

Look at the picture to find out the value of your money after 10 yrs, 20 yrs and 30 yrs with different inflation rates.

If your salary rise is less than 7% you better look for another job with higher salary. Otherwise you will actually be earning less than what you were before the rise.

Courtesy: The Economic Times & The Business Today