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Dhana,
NRIs first should get their dollars into their rupee bank account in India ad simply get invested in some of the good gilt funds. I particularly like Fidelity Flexi gilt, Tata, Templeton and now DWS. When the rate cycle reverses, you will start seeing gains on the funds. Rupee may take a while to go back to 42 levels but I am reasonably sure it would. NRIs can thus expect equity like returns from fixed income securities.
Rgds, |
