1975 - ₹ 7.794 to 1 USD $
2 May 2020 - that ends up above 10 times @ around ₹ 75.74
In 46 years, we had about 11 years of ₹ appreciating against the $
The good part is....of the 11 years, 7 years came during the last 17 yrs 🙂
One big fall in 1992 twisted the whole story of depreciation....INR fell about 58.97% that year
About 5.2% CAGR depreciation if we consider that one big fall due to the crisis in India
Else, the fall is about 3.5% CAGR
That's probably a ballpark figure to consider for $ goals in the long run for all, but, one bad incident on the ₹ can devastate all plans
Let's hope, we never go there and hopefully have a decent future appreciation.
Is that wishful thinking, with the current scenario?
Maybe 😀
But, let's hope & pray that it atleast doesn't fall over the average depreciation 🤷🏼♂️
The good part..... Indian equities outperform $ equity (US) over the 15 years period 😀..in USD $ terms
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