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