ZenOps
08-22-2013, 06:38 AM
http://www.bloomberg.com/news/2013-08-22/india-s-richest-man-loses-5-6-billion-as-rupee-stumbles.html
Have your holdings measured in Rupee.
The USDINR 0.002 drop from 0.018 to 0.016 US dollars barely affected the majority in India, but can easily wipe out billionaires by simply holding a depreciating currency or have investments that payout in a depreciating currency.
baHxOjyabDk
Have your holdings measured in Rupee.
The USDINR 0.002 drop from 0.018 to 0.016 US dollars barely affected the majority in India, but can easily wipe out billionaires by simply holding a depreciating currency or have investments that payout in a depreciating currency.
baHxOjyabDk