In 2007, my family farm land in India was acquired for a thermal power project and we were paid the market price at that time
Our family invested that amount in a bank FD @8%(average) from 2007 to 2019 with recurring option in which the interest will be added to the principal after 365 days after deducting 30% from interest accumulated towards taxes
In 2007, 1 USD=41 INR (mean price) In 2019, 1 USD=69 INR
Our family was compensated in INR to the tune of INR 1,68,10,000 ( USD 4,10,000 in 2007 value) and it was invested in FD @8% and in 2019 the investment value is INR 3,41,35,000
In 2019, 1 USD=69 INR so 3,41,35,000 amounted to USD 4,94,710
In INR we made a gain @6.08 compounded from 2007 to 2019 but in USD the gain falls to 1.58% compounded from 2007 to 2019.
Why does the Indian government devalues currency and How should I invest to overcome currency devaluation.
Submitted August 03, 2019 at 12:04AM by sairavuru https://ift.tt/2MCsIqS
