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Starting and Doing Business in USA Help each other make money and have fun doing it :-)

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  #1  
Old 15th March 2007, 05:13 PM
lalalala lalalala is offline
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converting dollars into rupees

is it wise to take money out of account like ING direct or Citie account( which pay 4-5 %) and convert it into fixed deposit accounts in rupees in India ( paying (%) or even put money in mutual funds in India.

The reason that i am asking is because of the uncertainity about the current economy and the over rated dollar, but on the other hand one never can be sure about how things are going in India
please give your feedback
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Old 20th March 2007, 06:53 PM
great guru great guru is offline
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No. That is not wise thing to do.

Take the US $ , purchase UK pound or Euro and keep it in FCNR in iNdian banks, interest rate is hing and appreciation of currency also very good compare to US$

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Originally Posted by lalalala View Post
is it wise to take money out of account like ING direct or Citie account( which pay 4-5 %) and convert it into fixed deposit accounts in rupees in India ( paying (%) or even put money in mutual funds in India.

The reason that i am asking is because of the uncertainity about the current economy and the over rated dollar, but on the other hand one never can be sure about how things are going in India
please give your feedback
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Old 20th June 2008, 07:38 AM
kcguy2004 kcguy2004 is offline
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how do I do this?

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Originally Posted by great guru View Post
No. That is not wise thing to do.

Take the US $ , purchase UK pound or Euro and keep it in FCNR in iNdian banks, interest rate is hing and appreciation of currency also very good compare to US$

----------------------------------------------------------------------
how do I do this?
How do I "buy" UK pounds, Euro?
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