Monday, May 21, 2007

Lovely places

If the NRI wants to buy property in India, it will make a dent in his cash flow, as he will transfer many more dollars for the same property price. He would have been better off if he had bought his property five years ago when the prices were not so astronomical and the dollar was at a peak versus the rupee. For NRIs importing goods and services from buy property in India, may pay more but in almost all cases, Indian exporters always quote in dollars and this will not make much difference.

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