Indian Rupee Getting Cheaper: Opportunity or Curse?
By siliconindia   |   Wednesday, 23 November 2011, 01:10 IST
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7. Affects Students and Overseas Travel:
Oversaes travel
The students will have to pay higher fee and living charges in rupee terms. As dollar grows stronger, students will have to pay double of what they used to pay and the cost of living will be very expensive. Overseas travel to get more expensive as you will have to shell out more rupees for the same amount of dollars while it is vice versa back home for foreigners. Even if you are planning a trip in exotic South East Asia, you will be disappointed. The rupee has slipped even against Asian currencies like the Thai baht and Singapore dollar.One Thai baht could be bought with Rs 1.52 three months ago, now you need to spend Rs 1.66. Ditto for the Singapore dollar: it was worth about Rs 38 three months ago, now it is up to Rs 40.

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