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A guide to investing
May 07, 2004 11:12 IST
Over the last few months we at Personalfn have been swamped with broadly two types of queries. One revolving around the global investment opportunity. And the other, from individuals holding foreign currency wanting to know whether or not they should convert into the Indian Rupee. Here we will attempt to answer both these queries and more.
Our advice to individuals holding foreign currency so far has been that they should convert half of their holdings into the Indian rupee. This would ensure that they are hedged in case of any sharp one way movement. To those seeking better opportunities in global markets, again, we have been cautious. First understand the tax implications and regulatory environment and then venture out (of course provided the infrastructure is in place and there are several options available).
But now given the sharp divergence in opinion pertaining to the expected performance of the global economy and the increasing availability of 'global investment products' it is time for us to call in the experts for some plain speaking. And to do just that, we bring on this platform three individuals who command great credibility when it comes to their field of expertise. First is Sudhir Mulji, an economist and also chairman of a shipping company. The second, Jamal Mecklai, is a foreign currency expert and head of India's leading forex firm. And the third is Ajit Dayal, a pioneer of equity research in India.
We posed the same questions to all these three experts and have collated their views into two parts -
What's our view?
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