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Rupee's weakness: Achieve dollar goals with US funds and gold in portfolio

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The primary cause of the rupee's fall against the US dollar is the latter's broad-based strengthening against major global currencies
The article from Business Standard discusses strategies for Indian investors to manage their investments amidst the weakening Indian Rupee. It highlights the benefits of diversifying into US dollar-denominated assets and gold to hedge against currency depreciation. The piece explains that investing in US funds can provide exposure to the US economy, which often yields higher returns due to its stability and growth prospects. Gold, traditionally seen as a safe haven, also serves as a hedge against inflation and currency fluctuations. The article suggests that by including these assets in their portfolio, investors can potentially achieve their financial goals in dollar terms, thereby mitigating the impact of the rupee's volatility. It also touches upon the importance of understanding the risks associated with currency movements and the need for a balanced approach in investment decisions.

Read the Full Business Standard Article at [ https://www.business-standard.com/finance/personal-finance/rupee-s-weakness-achieve-dollar-goals-with-us-funds-and-gold-in-portfolio-124112601112_1.html ]