convert US dollar into rupees or not

[lalalala]

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

[eb1ORGC]

Originally Posted by lalalala

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

It all depends on your personal choices. If you are not sure, why not invest in precious metals, gold, palladium, MO, Platinum... All markets will keep fluctuating... always..

diversification.... always helps too.

If you cannot make firm decisions... look for an advisor.