The value of the US dollar is rising sharply without much pause. In just a few weeks it moved from around Rs 86 to nearly Rs 95.
This rapid increase is drawing attention among NRIs who closely track currency movements before making financial decisions in India.
Because of this trend many NRIs are choosing to wait and watch instead of immediately investing their money.
As the rupee continues to weaken, several believe the safest option is to simply hold on to their dollars.
With the dollar strengthening and the rupee losing value, spending the currency on investments in India appears less attractive for now.
This shift in thinking is particularly visible in the real estate sector. NRIs who once showed strong interest in Indian property, especially for investment, are beginning to step back.
Many feel that buying property at this stage may not be the best financial move while currency fluctuations remain uncertain.
Only those who seriously plan to return and settle in India within the next few years are still purchasing homes for personal use, but not for investment sake.
Meanwhile the real estate market in Hyderabad is already experiencing a slowdown.
The rising dollar is adding another layer of caution, pushing many NRIs into a clear wait and watch mode.