Here's why you must invest in foreign assets to guard against rupee's fall

A vast array of components are also imported, such as for computers, high-definition television sets, and other electronic items

The rupee touched a low of 66.48 against the dollar on April 23, a decline of 4.41 per cent since the start of the year. The rupee's depreciation affects household budgets in several ways. One way they can counter this is by investing a part of their portfolio in foreign assets.  

The rupee's depreciation is part of a global phenomenon. "The dollar index has strengthened in the past few weeks and that has affected emerging market currencies," says Nikhil Gupta, chief economist, Motilal Oswal Securities. Several factors have led to the strengthening of the greenback. One is the growing belief