Indian Rupee

As we grow in age our need related to money increases, but one thing we should keep in mind that it is not all about earning a Rupee. It’s about how to convert a Rupee you earned into an earning machine for you. Sometimes earning a Rupee is easy as compared to maintaining a Rupee you have, because Rupee walks without legs. People block money thinking that it will help them in future but while doing this they tends to forget that blocking money means not utilizing an earning machine.

Indians have a tendency of blocking our Indian Rupee in foreign bank accounts. Indian Rupee balance in Swiss Bank Accounts is the real example of it. According to Government Departments, if we can get Indian Rupee deposited in Swiss Bank Accounts back in India then it will cover Indian Income Tax Revenue for many years.

Rupee locked in a locker is nearly useless. These days various portfolio managing techniques suggests how to earn money from money. Various Companies are floating their shares in market as IPO including many Government Sector companies. Now days people are changing there attitude towards investments. People are becoming risk takers instead of risk averse enhancing the chance of converting a Rupee in to an earning machine. Young generation is shifting there focus from traditional source of Investments to various modern sources such as Mutual Funds, Share Market etc. These options are much risky as compared to traditional sources but still they provide better return.

Recently Rupee enhanced its power by getting its own sign.  Now it will be easier to trade in Rupee in case of export and import. Countries can increase their export and decrease their import by playing with the rates of its currency. China is a perfect example of it.  Countries can increase their export by stating there currency at discount in Forex market, but recently in a mutual agreement, it is decided by all the developing nations that they will let the market forces decide the price of various currencies. So from now onwards, Demand Supply Mechanism will decide the price of the currency.

Sometimes, it is said that difference between a developed nation and a developing nation is how people residing in country invest there money. So from now onwards if you earn a Rupee, try to figure out how to convert that Rupee in to a Rupee Earning Machine for you. Always remember a key fact earning a Rupee is easy if you know how to maintain a Rupee.