Dreams of most people -- ek ghar!
& for those with loads of cash around -- phoren mein ho sapno ka ghar, a villa probably on the beach in south Spain or in Greece or what about nearby Thailand?
Well, Indian bankers have made it all easier now by raising annual individual ceiling on investment abroad to USD 200,000/year. More so, this has put India's transition plan to move towards capital account convertability on fast track, a move prompted by the surge in capital inflows. Also local companies would find it easier to invest in foreign ventures and subsidiaries.
The surge in capital inflows has supported the strenghtening Indian Rupee and it is likely to continue till the Reserve Bank of India decides to go the US Federal Reserve way and cut interest rates.
Banks have signaled lowering of home loans rates from current levels of 11.25% but is that here to stay? And if so, till what level? Not clear yet. Well, if that is done then probably it will become easier to even own a sapno ka ghar here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment