Investing in US government bonds will give you the opportunity to benefit from current high yields, potential capital gains in the future when interest rates move down, potential gains from INR depreciation, etc.
Rupee to appreciate in near-term. The US dollar is generally seen as the most powerful currency in the world. However, the greenback is not the strongest of the 180-odd traditional fiat currencies recognised as legal tender worldwide. Check the top 10 strongest currencies in the world.
A bitter war of words ensued between Finance Minister Nirmala Sitharaman and Congress member A Revanth Reddy in the Lok Sabha on Monday over rupee depreciation and the overall state of the economy.
Rupee falls: At the interbank foreign exchange, the domestic unit opened at 82.87 against the dollar, then lost further ground to quote at 82.88, registering a loss of 8 paise over its previous close. In initial trade, the local unit also touched 82.84 against the American currency.