Falling rupee, rising tuition cost test Indian students' study abroad plans

Most education loans, however, are on floating rates and vulnerable to currency fluctuations

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Vinay Umarji Ahmedabad
It has just been a few weeks since her daughter landed in the US for an undergraduate engineering programme from a sought-after university, but Malini Shah (name changed on request) is already thinking of calling her back.

"When I started preparing for her admission this year, the rupee was at 76-77 against the dollar. By the time I paid the tuition fee for the quarter while sending my daughter for the Fall semester, its value had plunged, and I had to pay an additional Rs 3.5-4 lakh," says Shah, who is a teacher based in Delhi.

Shah has already spent

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First Published: Sep 27 2022 | 2:59 PM IST

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