Factor in rupee depreciation when planning for child's education goal
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that sharp US rate rises draw foreign capital out of India, and that gold, priced in dollars, hedges currency moves on its own. He suggested holding 5 to 10 per cent of a portfolio in gold.
More of Abhishek's views on money management
Business Standard looks at how the rupee's fall against the US dollar affects parents saving for a child's education goal. The piece opens with the rupee at 83.14 to the dollar, down 3.07 per cent over a year and at an annualised 4.18 per cent over three years.
Publisher source
Factor in rupee depreciation when planning for child's education goal
