Stock Market Highlights Today: Handy Shapes Bearish Candle; what does it mean for Friday’s session?

Your investments in the Indian stock market are in rupees. However, when you invest abroad (in the US stock markets), it is in dollars. You convert your money first to USD to invest in the US stock markets and then back to INR when you exchange it. When the rupee falls in value against the dollar, it basically means an extra return on your US investments. With the rupee bottoming out against the USD, Indian investors in US markers will benefit. So far, the rupee has depreciated by nearly 4% against the dollar in the current calendar year.

The rupee has depreciated by about 50% against the US dollar over the past 10 years.

So, 10 years ago if you had invested Rs. 5,000 in Nifty 500 (Indian stock market), your investment would have grown to about Rs. 15,000 in 2022. But if you had invested the same $100 in the S&P500 (US stock market), your investment would have grown to about $320 by 2022. That’s almost Rs 24,000.

— Viram Shah, Co-Founder and CEO, Vested Finance

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