Worth Waiting for Dollar to Rise?

I guess all Indian PP users would have noticed that the rupee is going strong and the rate offered by PP has dipped to around 43
I need to make the month-end withdrawal but I can wait for a couple of days if there is any chance of things improving that quickly...Is that possible or just wishful thinking on my part??
Please Comment.

 

Yes, you can wait for 2 days as even if you withdraw today you will get it on monday.
And when you do it on saturday then you also get on monday.
So, you can wait but I don't think there is gonna be any increment. Even if it happens it will be by few paisa.

 

it may improve after commonwealth games..

 

Any reason/logic why you feel so?

Regards,

RightMan

 

well during the games interntional crowd is gonna come in a way that will improve value of money for sometime. . again it will go up once people return to their homes

 

when sensex go up , Rs will get strong resulting the less value by Paypal

 

where you get this information any authentic source do you have ?

 

Check any online currency converter and you'll know the current conversion rate.
As far as Paypal's rate is concerned, just follow the first two steps of 'Withdrawal' and it shows you the conversion rate on the final step before you confirm the withdrawal.

 

if i know that i can b a millionare in that days . nobody knows man... just in current scenario , its going to dip again because of huge FII investment in stock market.

 

I don't think this is a great move. Foreign currency exchange doesn't change that easy. But, you can still try your luck if you're not in need of your money. However, I bet not to do that especially if you see a constant fall of the currency exchange.

 

I guess wait for the dollar rate to rise

 

Its below Rs.43 now, too low, it was around Rs.45.5 1 month back.

 

Well its 42.91 now and decreasing everyday.

 

Rupee will fall 41-42 by year end imho...was watching cnbc few days back about this.

 

Don't wait and go ahead with withdrawal.. Markets will remain high till Diwali OR may be till December So Rupee will be strong

 

I think the value of dollar will increase every november or december.

 

Unless you have 10K usd worth in your account. You aren't going to see the need to wait...I recently transferred out 5K in canadian money, and the difference i saw on waiting from today to last week was about 4 usd!!! That is all...