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Mutual Funds that can help offset the currency impact on goals

covid-19 pandemic consequences
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The rupee touched a low of 76.87 to a dollar on Thursday and it is expected to remain weak on the back of the economic consequences of the covid-19 pandemic.

One direct impact that a weakening rupee has on your personal finance is the way it will affect certain expenses such an education or healthcare planned abroad or the purchase of gold for a specific event like a wedding.

A depreciation in the rupee pushes up the cost in rupee terms while an appreciation brings down the cost. It leads to uncertainty in the goal value.

Investors saving for these goals can neither predict the direction of the rupee or the magnitude. In such a situation here are two mutual fund investment options that they can use to hedge or negate the impact of currency.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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