Strong rupee an opportunity to invest in the US

Since April 2020, the rupee has appreciated significantly against the dollar from nearly ₹76 to ₹73.5 per dollar. The futures for November 2021 are being traded at nearly ₹76.5 forecasting a 4% depreciation in about a year’s time. We are getting more dollars per rupee today than the past nine months and, based on the futures data, compared to the next year. For investors who have been planning to invest in the US markets, it makes sense to get serious and use this opportunity to start remitting their money at favourable rates.

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