Well, the dollar has been the world’s reserve currency for many decades and yet during those decades it is not been a one way street. It is gone up and down like a yo-yo so I do not think the reserve currency status of the dollar, by definition, determines where it is going to go.
Explained: Will NRIs be liable for capital gains tax on mutual fund sales in India?
The case involved A Shah, a Singapore tax resident, who declared capital gains of Rs 88.75 lakh from debt mutual funds and Rs 46.91 lakh