In the United States, workers from India comprise the largest number of H-1B professionals.
In recent weeks, the Indian rupee has seen unsurpassed volatility, influenced by higher oil prices and massive movements in other emerging market currencies. Factors such as the widening trade deficit, increased demand for the dollar, and a plunge in the Turkish lira have brought the rupee to a historical low.
In the United States, workers from India comprise the largest number of H-1B professionals. For decades, the “American Dream” has been the aspiration for thousands of Indians. Whether it’s a young Indian student looking for an innovative job, or a newly-wed couple keen to find a better quality of life, the U.S. has become a relocation hotbed for many Indians.
The Dallas–Fort Worth economy continues to expand. The June jobs report indicated employment growth moderated, with DFW adding jobs at the slowest pace so far this year. Overall, the DFW economy remains strong, with 3.2 percent annualized job growth year to date. The unemployment rate ticked up in Fort Worth but remained flat in Dallas. Business-cycle indexes for both metros pointed to continued expansion. Home sales growth has been essentially flat in the first half of 2018, and inventory has ticked up but remains tight.
After witnessing unprecedented stability over the past couple of years, the INR has turned highly volatile and, in recent months, seems to have consistently lost value against the US Dollar (USD). A key reason for this can be attributed to Foreign Portfolio Investment (FPI) outflows. In the current financial year (FY 18-19) till date, FPIs have withdrawn INR 62,700 crores from Indian markets (roughly USD 9.5 bn). Fixed income witnessed Foreign Institutional Investor (FII) outflows of INR 42,000 crores accounting for 2/3rd of the entire outflow while equities saw outflows of INR 20,700 crores.
The shale oil boom has brought a gold rush mentality to the Lone Star State, which is home to not one but two massive oilfields.
We’ve all heard the ancient adage “Don’t put all your eggs in one basket”. This applies to even the minute aspects of life, including how you allocate the wealth in your portfolio.
The Indian rupee slumped to an all-time low as a resurgence in crude prices and the emerging-market selloff took a toll on the currency of the world’s third-biggest oil consumer.
Debt and fixed income securities are some of the most underrated, but essential, assets in a portfolio. Unlike fixed deposits or even equities, they generate a consistent stream of returns and can provide you with protection during adverse economic market events. They are crucial 'diversifiers' that everyone should consider in their portfolio.
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