News From Press Two mutual funds that can help offset the currency impact on goals

Two mutual funds that can help offset the currency impact on goals

Investing in international and gold funds through SIPs can help you hedge against currency movement

Mint Apr 22, 2020

The rupee touched a low of 76.83 to the US dollar on 21 April and it is expected to remain weak on the back of the economic consequences of the covid-19 pandemic. A weakening rupee directly affects certain expenses such an education or healthcare planned abroad or the purchase of gold for a specific event like a wedding. A depreciation in the rupee pushes up the cost, in rupee terms, while an appreciation brings it down. This can affect the value of these goals.

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