Is this a good time to send money to India or wait I feel with covid on rise in India .. rupee will become weaker. Any thoughts?

like
Posting as :
works at
You are currently posting as works at

In 2015 I was visiting India and converted almost $5k. 4-5 days later China depreciated the yuan and the rupee lost like 8-10%.

Moral of the story - transfer / convert in tranches so you can hopefully capture some potential future upside but don’t focus too much on the downside. Once it’s done, it’s done.

Agree with D1 on how to structure the timing, but in general, USD/INR is going to go one way long term, so holding on to dollars longer will never really hurt you.

Note: this comment is very much based on historical trends vs. me knowing any better,

Agree with both P1 and D1 but holding onto dollars while not investing them here or in India is a bad idea. At least, secure the gains. You will never be able to time the market perfectly to send the money to India. Saying this because have a friend who is sitting in 60k to send to India when the time is right🤣

Related Posts

Hey

I am looking for someone who has a flair for writing and is looking for pocket money or side income.

Can devote an hour or so daily or as per requirement.

Do you know anyone like that

like

I have a rental property that is stressing me out. I've owned for 11 years. It's a 2 flat. I'm renting under market at $2400/month total. Mortgage is $1600/ month. I do all maintenance myself, except big projects (roof, masonry, etc.). I am tired and have been deferring maintenance. The tenants are fine and its always rented easy. Its in a nice area. Should I sell this place or figure out how to make it work? It's worth $200k more than I paid for it.

like

What books did you read this year that you wish you read earlier and have made a positive impact in your life? (Investment and non-investment related)

like

I'm being interviewed for Senior Analyst in hsbc. Can anyone help me with the tax saving options available with HSBC? Like self education, communication, meal vouchers etc.

like

Google Is there an option to avoid the tax witholding when GSUs vest? I would rather pay the taxes myself in cash than shed a quarter of the vested GSUs. Seems like a lot of potential gains lost, no?

like

Is there some type of document I can sign to protect myself and my assets when buying a new property?

like

Anyone have covid and have tips for getting taste back faster? I fully recovered from all my other symptoms last week but still have no smell/taste. Very bummed! Any tips are appreciated

like

Is it a good idea to max my Roth for 2020 now? Or should I add 3K into it now. And sit on 3K cash to add when the market pulls back?

I bought a single family home in 2020 and I received a rate of 3.125% for a 30 year fixed loan with a 15% down payment. I pay a PMI every month. Should I consider refinancing and consider a 15 year loan? I also would like to get rid of my PMI. My credit score is a above 720. What are some costs I should consider if I refinance?

like

Rents in Atlanta seem absurdly high compared to last year. Hoping to live in a 1 bed apartment in midtown but not seeing anything decent under $2300. Any suggestions? Hoping to spend $2k or less if possible.

like

Knowing that layoffs are pretty much happening across Consulting because of Covid, any chances for re-hire somewhere down the line if the layoff wasn’t performance related?

like

So I want to marry a physician (girl) as they make good money so I get a good life plus decent retirement. Is it selfish to marry someone for money???

likesmart

a PSA you would want everyone to know? i’ll go first, be kind and stay rich ☺️

funnylike

We are supporting the client for weekend and we are charging the hours. Can i charge the lunch or dinner with amex ?

like

Recommendations for CPAs to file the taxes in NJ ? Anyone near Jersey City area would be great!

like

Why is it bad to keep $$$ in the wallet on bittrex or other digital exchanges? I hear people moving their $ to nano, mew, and others. Wouldn’t it be harder to transact, but i see the security concern?

PSA. I just promised my Junior I’d teach her investment skills and walk her through how to set aside money every month on vanguard (open an account, tutorial etc) because I’m an immigrant with clueless parents, and I starting understanding how the system worked way too late in my mid 30s (🤦). I want her to start building her wealth young and not be ignorant like I have been. ➡️ I encourage you to teach your juniors financial literacy if they need it! I wish someone did for me.

likeupliftinghelpful

Hi i lost majority of my money in the stock market. I married and promised my family that I will not make the mistake I made 7 years ago. Gambling. Is this an addiction I have. I keep selling stocks and taking loses buying other stock hoping it will recover but never did and sell again taking loses and buy again. It now sink in to me. I borrow personal loan hoping that the market will do k and I pay it back but I even lost that. I can't stop crying that I hurt the one I love the most my family.

like

Any Connecticut Ins companies that will write a coastal property (old saybrook) on pilings? Old saybrook,ct 1mil

like

More Posts

Hi,

I'm a mechanical design engineer with 4+ years of experience in NPD, complete product development process from scratch to end field maintenance...

Currently looking for on site opportunities... could anyone share the possible way to get onsite for mechanical based organizations

Thank you so much for your time!!!

like

I have an interview with JP Morgan this week for a Channel Marketing Manager - VP role in the Asset Management area. The role will be based in NYC. Just curious what is the normal range for the base salary and total comp.

like

Hi Infosys folks,

I applied at Infosys career website 2 times last month but they didn't select my Resume and status for each time got changed to "not selected" .

I saw a weird thing that I'm not able to apply for other openings also,

Do Infosys doesn't even allow re-apply even after only resume rejection??

like

Hi,
This is my current salary structure.
Cam anyone please help me to calculate variable pay?
Tata Consultancy Wipro Infosys Accenture Cognizant

Post Photo
like

Hie Fishes,
Working as a data Analyst for 11 months now, mostly worked on advanced Excel and Power BI making dashboards now I'm looking to switch, can someone help with new skills i can learn and what should be the CTC i should expect
Thanks in Advance

like

10 years of healthcare experience, the last 7 performing ultrasounds at a busy MFM clinic. Wanting to advance, I completed my bachelors degree in Applied technology - Health Services Technology and my masters in science health science with a concentration in healthcare administration.

I have been applying to management roles as well as healthcare consulting roles but haven’t had much luck. Any advice or recommendations on possible positions would be greatly appreciated! Located in Texas. TIA.

like

There are 12 weeks until Christmas… Anyone down for a challenge or some support and a kick in the butt?? Let me know!

likehelpful

How many Black partners have you seen or met in your career so far? At my firm, there is one of us out of the 20 people I work with and when you go to events do you meet more senior Black people or just a large group of associates?

like

Hi Fishes,
How's yearly increment in Wissen technology?

like

Has anyone cleared the independence policy training..?? @EY
I have joined recently tired multiple timesEY

like

ANNUAL PERFORMANCE RATING related query: Are the laterals (joining before Feb etc.) gonna get hike as per the rating and their respective service line/practice alone or will that further drill down to pro rata basis since their respective date of joining? (example, avg rating 10% hike for the practice/service line, further becomes 5% actual hike for someone who has served say 6 months in this Performance Year)

like

What are some post-INSEAD job types that are available to grads? I want to do Consulting but realise that MBB can be difficult to get into it so want to have more options.

like

Makkale, pls advice. YOE: 5.10, CCTC: 9.5, Deloitte India offered: 19.5 lpa (17 fixed), role: Senior consultant, skills: Business Analyst, SQL, Tableau ..

correct ahna salary range dan potrukaangala ?

Need your valuable comments.

Hi there! Anyone have advice for dealing with a toxic team? Management is very sparse and attrition is high.. I’m leaning towards finding a new job because I’m getting nightmares about Zoom calls and work emails.

like

Anyone have an OB/GYN rec in the Cambridge/Somerville area?

like

Partners , is it worth taking pay cut and moving to local job in industry ? less stress and minimal or no travel ?

like

Partners, what year of partnership did you cross $1M total comp. and has it been above since?

like

Recommending buckwheat pillows to anyone with neck/back issues. Literally had the best sleep in years!!! 🛌🛌🛌🛌🛌

likeuplifting

Received a mail today from SAP that they are closely monitoring COVID situation and will send a separate email regarding 1st day onboarding. So they might go back to virtual onboarding again.

like

I work as an dental insurance coordinator. I am looking to find out the average income for someone with 10 years experience and a bachelors in health care administration.

like

Additional Posts in Desi Consultants

Just got back after an eventful vacation and my wedding; my wife will join me a few months later. I am sitting all alone missing family and watching videos on YouTube. Depressed AF
#sorryjustventing

like

My H1-B visa stamp with PwC is expired but I have a valid I-797from new employer. Can I travel for work to Canada without getting the new H1-B stamping ?

🇨🇦 🐠 on WP: What does type: Permit-WP/Permis-PT on my work permit indicate?

like

I am looking to spruce up my media room and wondering if my desi dishes have recommendations on how to get Bollywood movie posters to decorate the walls. The Hollywood movie posters are easy enough to find but struggling to get Bollywood ones. Think movies like Sholay, Andaaz Apna Apna, Dewaar, Golmaal or performers like Rafi sahab, Kishore Kumar sahab etc. thanks in advance

like

Any Charlotte fish?

like

This is it! 😂

Post Photo
funny

Hi fam, is there any residency requirement for H1b to have home with in certain radius where lca is posted ?

like

Can we work in canada with H1b? Or not allowed?

like

Quick question - Do we need to submit original i-797 (employer transfer) for drop box appointment or a copy is sufficient? Any thoughts?

like

Money in India-
my father passed away 5 years, I sold all his properties, paid all taxes and have a substantial amount (1.5M approx) of money in India that is currently in fixed deposits earning approx 7 percent interest. I know I can get approx $250k every year transferred here. Would you transfer money to USA or let the interest compound every year. The interest is almost 55 lacs every year. what others would do if you were in my position.Inflation/foreign exchange is risk, I understand.

like

Garba season is the best. Girls in sari’s 😍😍😍

like

Anyone moved from h1B to H4. How soon can u put down ur papers.

What is the travel situation for immigrants to fly in and out of India from US? It’s family emergency. Got valid visa. TIA

like

Family back home is panicking big time after watching news all day. My mom asked me to take 3-4 months leave and come back to India from US as soon as international flights starts. I know she is concerned but i don’t think it’s a reasonable ask. What do I tell her? I live in a state with 8000 rona cases.

like

I have a strong feeling I’m about to get laid off. Best way to prepare? Anyone else been down this road? Am seeing a lot places have frozen hiring. Appreciate any help or advice.

likefunny

What part of Jersey city is best for a 3 bdrm apt? Father passed away & looking to move my mom in with me. I lived in nyc for last 11y.She’s 72, punjabi,central jersey40 years, still drives. Thanks!

like

Ladies, where do you order cosmetics from indian brands like kama ayurveda and forest essentials? Amazon seems unreliable

like