USDINR Pair investment gives annual yield of 84%.
Approx 99.99% forex investment companies don't support investment in USDINR pair. After beating my head on nail I finally I found one online Forex investment company Oanda which supports trading in USDINR pair. It supports leverage of only 1:20, but it equally suggestable not to invest in high leverage in USDINR if you are going for long term investment.
Because of high interest rates in India and with 1:20 leverage if you will short USDINR then they will give you interest of 4.2%. After 1:20 leverage you will effectively get interest of 20*4.2 = 84%. pa The best part of the story is this interest is calculated hourly and will be credited in your account daily.
Here you have two profits -> Annual yield of 84% and trading profit.
Though it is illegitimate for Indians to invest in USDINR pair but foreign Investors can invest in the pair.To find legitimate ways of doing it for Indians, ping me.
Approx 99.99% forex investment companies don't support investment in USDINR pair. After beating my head on nail I finally I found one online Forex investment company Oanda which supports trading in USDINR pair. It supports leverage of only 1:20, but it equally suggestable not to invest in high leverage in USDINR if you are going for long term investment.
Because of high interest rates in India and with 1:20 leverage if you will short USDINR then they will give you interest of 4.2%. After 1:20 leverage you will effectively get interest of 20*4.2 = 84%. pa The best part of the story is this interest is calculated hourly and will be credited in your account daily.
Here you have two profits -> Annual yield of 84% and trading profit.
Though it is illegitimate for Indians to invest in USDINR pair but foreign Investors can invest in the pair.To find legitimate ways of doing it for Indians, ping me.
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