How fluctuation in rupee affects your investment. If the rupee falls in value, the rupee returns on commodities such as gold increase. If the rupee appreciates in value, the rupee returns on gold decline. An investment in overseas assets will fall in value if the underlying currency depreciates, and investors will tend to lose out […]
Tag: Rupee
Rupee seen holding at 13-mth lows
May 15, 2008 – 12:54 am
Mumbai: The rupee is likely to hold at thirteen month lows on Thursday as investors wait for the stock market to gauge overseas appetite for local assets, with a dip in the oil price offering some slight respite from current falls. The partially convertible rupee ended down 0.8 % at 42.45/46 per dollar on 14th may, off […]
