Bigger India
India Turns Into a Hotbed For NRI Investment as Rupee Depreciates
The recent fall of the Indian currency went as low as 74.46 against the US dollar. But this has come with a silver lining as far as the Indian real estate sector is concerned.
The sharp decline of rupee against dollar observed in the last few weeks has impacted Indians and NRIs equally. However, as Indians cringe at their accounts, the NRIs have been gladly looking out for investment opportunities in the country owing to more rupees in their hand.
The recent fall of the Indian currency went as low as 74.46 against the US dollar. But this has come with a silver lining as far as the Indian real estate sector is concerned. With so much more to spare, the NRI investment enquires and even transactions have spiked up remarkably.