[quote=kev374]Planning to move out about $160,000 over to India where the interest rates are 9.5% annually. The Rupee has seen some volatility lately but I feel that it has hit a high of 62 to a dollar and the downside risk is small. Even if it goes to 70 to a dollar then it’s about a years worth of interest anyway.
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Indian saving accounts are insured up to 100,000 Rupees but in US dollars that’s only $1,600. If you pick the wrong Indian bank and it becomes insolvent you could lose 99% of your money.
