Experts' Take
Soumya Dutta, Managing Director, Eforex India Ltd. on the dollar effect
There has been a marked rise in the amount of investment by NRI in the realty sector during which rupee has declined over 10-12 per cent. Properties are cheaper now in terms of dollar as compared to the last year and this could be further boosted by declining domestic prices. However, excessive decline could be counter-productive for investors
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