Rupee’s Slide To Record Low Makes Studying Abroad Costlier, What’s The Solution?

News Snapshot:

The rupee is currently trading at its all-time low of 83.10 against the US dollar, due to a negative trend in domestic equities and foreign fund outflows. The rupee is also likely to trade with a negative bias on risk aversion in global markets and a rising US dollar. The all-time low rupee will make imports costlier as well as raise the costs to study abroad. An expert said that students need to explore diverse funding options and robust financial strategies to navigate the currency fluctuation challenges. On Friday, at the interbank foreign exchange, the domestic unit opened at 83.03...