There is a continuous decline in the Indian rupee and its effect is visible on every sector. But amidst this decline, an interesting thing has come to light which is no less than a hidden bonus for Indians working in America and those earning in dollars. Even though there has not been a single dollar increment in his salary, its price in India has become higher than before. Many people think that the weakness of rupee means only loss, but for those getting salary in dollars, this weakness makes their earnings stronger.
What actually happens is that when the value of rupee falls against the dollar, for exchanging one dollar one gets more rupees than before. Suppose earlier the price of one dollar was 80 rupees and now it has increased to 90 rupees, then at such a time the salary of Indians living and working in America in dollars remains the same, but if the same money is sent to India or converted into Indian rupees, then the amount becomes much higher. Due to this, his family sitting in India also gets a big benefit and their income increases in rupees without any salary hike.
If the salary of an Indian is $ 5,000 per month, then when the dollar was equal to Rs 80, then the cost of his salary in India was Rs 4 lakh. But if the dollar has reached Rs 90, then the same salary now becomes Rs 4 lakh 50 thousand. That is, without the increase of even a single dollar, there was a profit of Rs 50 thousand just by changing the exchange rate. This is why many NRI families consider the rupee’s depreciation as a kind of economic bonus, because the amount coming to their house becomes more than before.
How much amount are you getting?
Many people manage their family expenses, school fees, healthcare, EMIs and investments with this money. An NRI sends $1,000 to his family every month, so when the dollar was Rs 80, the family received Rs 80,000. But now if the dollar becomes worth Rs 90, then the same amount will increase to Rs 90,000. That means the family gets an additional amount of Rs 10,000, that too without any extra effort or work.
they also benefit
This benefit is not only available to Indians working in America, but also to millions of freelancers and remote workers who work for American companies or clients in India. Today in India, a large number of people are getting paid in dollars in many fields like IT, design, content writing, digital marketing, app development. The weakening of the rupee directly becomes an opportunity for all of them to earn more. If a freelancer got $200 for a project, earlier it was equivalent to Rs 16,000. But now the same project can give him up to Rs 18,000.
Also read – Disclosure of vacant seats in medical colleges of the country, know how many vacant seats are there in MBBS?
Education Loan Information:
Calculate Education Loan EMI

