Tag: US student visa India
With rupee at 90, studying abroad just got more expensive for Indians
This comes at a time when a global employment squeeze is prompting many graduates to return to India without securing work abroad, leaving them to repay loans that are now costlier than they had budgeted for in rupee terms. The Indian rupee’s (INR) slide past 90 per US dollar will hit students at various stages of their study-abroad journey, with their overall costs jumping sharply, said Victor Senapaty, founder of Westbridge Capital-backed education financier Propelld. “The same hundred thousand dollars suddenly becomes much more expensive in rupee terms,” Senapaty said. After breaching the 90-per-dollar mark on Wednesday, the rupee slipped ... Read more