The way Rupee is falling against $.
What if take 100 rupee loan @ 6
-7% interest and buy 1$ out of it and after devaluation when 1 $ reaches 150, I'll sell that 1$ payback the loan and keep 50 in my pocket

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

1) As a resident Indian, you are not allowed to keep foreign currency at home. However if you are returning from a foreign trip, then RBI allows you to keep up to 2000 USD.

2) if you wish to keep forex in any international bank, then you need to notify the income tax department in every ITR that you hold money internationally and that's when the govt perceives everyone with foreign bank as a criminal trying to hide black money. They scrutinize your current and past ITR like anything. Any minor differences in reporting the international money leads to up to 10 lakh per year penalty and potential jail time.

India is among the very few countries which do so, just to make your life harder. Law was introduced to control people having 1000s of crores of black money but its regularly used to target middle class people returning after working internationally or spending time abroad for leisure.

smartlike

If interested in US stocks/ETFs investing even a little bit, you can add your rupees in wallets of indmoney or vested kind of apps as it will be automatically converting to usd then whenever you feel buy some stock / etf, rest money can be there in wallet and you can take it out converting to rupees. Yes, some charges are there but you can see if it looks fair to you.

like

Invest in gold/silver and get devaluation benefit but you have to take risk of price fluctuations

Related Posts

Hi Fishes,
I'm planning to switch and looking out for SDE based positions. I tried reaching out to Recuriters on LinkedIn, but that didn't work. So I was wondering if it's possible to get a referral here for such positions. Please let me know if you can help out. Thank you.

uplifting

Which is better for growth within industry? FP&A or controller route?

like

my stress level peaks when there is so much work to do and the filing day is only 2 weeks away 🙃

like

Pointers for putting in your two weeks (setting up a meeting, navigating the discussion, etc)? How do you go about it in the best way?

like

I interviewed for Amazon a month back for SDE1 position 2023 graduate. All my friends got rejection mail except a few 2 weeks ago.

But now seeing the firing of 10000 employees news, Is there any chance of getting hired?

Amazon India

like

Sap ABAP + data migration cockpit, cctc- 16.4 including variable. Yoe - 4.8 np - 3 months. If I switch, can I get 20 plus?

like

How many employees does KGS have in total?

like

What does QRMTE - expectations not met signify? How does it affect?

My query on Facebook (Meta) I have received an invite to schedule a call with recruiter. Any guidance for what to except and how to prepare for this call. My application is for HR Compensation role.

like

Accepted a new job at competing Big 4 but got a message from a recruiter from MBB. How do I respond to the recruiter? Is it worth it to take the call and be honest with them?

like

Have any respiratory therapists found jobs OTHER than being a clinical RT? I want to possibly change careers, but I am finding that a lot of jobs (clinical liason, utilization review, etc) want you to have a nursing degree, not a respiratory degree. I feel like as an RT we are limited to jobs.

like

What if institutional investors really buy into futures and drive BTC really high, as opposed to short selling them! Anyone have FOMO?

like

I gave interview for capgemini on 04th of June ,after that no reply from HR.
How many days offer letter will be generated.

like

PLTR calls? Bad week for them as they fell under ‘meme stocks’ some places. Thinking of $33 for 2/19

like

Anyone else with big 4 experience looking to find a rewarding career path with an undergrad degree in accounting? What career options are out there without having to go back to school?

like

Looking to rent a home in the Central Park area but there are very few homes available for rent on Zillow. Does anyone know of any other platforms that might have listings that are not on Zillow? I imagine most people who are trying to rent out their home/investment property would list on Zillow but thought I’d ask!

like

Has anyone done therapy using Teladoc? Any good?

like

Additional Posts in Nagarro

Hi everyone, should a Java Spring backend developer (2.5 y.o.e) go for SAP Hybris? Hybris uses Spring Framework internally as I am told but I want to grow as a Java backend developer and want to work with microservices based projects. Hybris looks like a different ball game altogether. What should I do?

like

How many project rejection are normal in nagarro. I have been mapped with different stack due to which have been rejected twice for proposed projects.

like

Salary credit timings? Icici bank

like

Hi everyone, best project to be a product owner in Nagarro? Please reach out 1-o-1 if required. I have recently joined as a PO , APC with a hope of doing good legit work.

Any help is extremely appreciated 🙏🏻

like

Does Nagarro provide any hike at time of promotion?

like

Hey Guys, Currently I am having 16.12 lac pa in current organization and 5% Bonus So total comes around 16.93lac pa. Nagarro is asking me to rejoin at 20 lac pa (5% Project bonus included).
When I left Nagarro around 2 years back my fixed there was 11.50. Shall I consider this offer of Nagarro. Reason I want to change the job is because I don't have code based automation in my current organization and I have been an SDET in my whole experience.

like

please help me how to apply performance test engineer jobs in nagarro please let me know

like

Hi Fishes,
My Appraisal is due this september. Can anyone of you tell me how much hike can i expect.
Cctc:6.5
Designation:Engineer
Exp:2.6
I joined in jan2020 but the training period of our entire batch was extended due to covid. Hence getting first appraisal in sept 2021.
Thanks in Advance😀

like
like

If we are billable on project in nagarro do we need to worry about recession for now .
One more question:
What is nagarro planning how to handle recession:
Lay offs or salary cut or stop increment.

Please anyone from leadership reply

What do you submit for Nagarro Research Allowance ? Any option of submitting some fake things here?

like

What's the minimum days/ years that one should have worked in order to receive the gratuity at Nagarro?
Do we get the amount in full that was deducted or do they give a fixed amount?

like

Any performace testers in nagarro.. plz dm

like
like

How is the client Yahoo Supply? I got a proposal and any review would be helpful.

like
like

Hi everyone,
I joined nagarro in July,22 and my first salary credited in aug,after that i was able to declare flexi and tax components ,then my second salary credited for sep month and it was very less ,bcoz of flexi declaration.but when i calculate declared flexi amount is ~25k ,as per nagarro it is tax saving component which you can claim later.but I am still not understanding why my executive allowance is very less this time from which ,i got in august 112000 and in sep it is ~21k in payslp

like
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal