How to neutralise the impact of rupee weakening against the dollar

If your child is headed to a university in the United States soon and you have to pay her fees in the coming days, then the recent depreciation of the rupee from the 72-plus level in March to 75-plus in April would have left you worried. The bigger cause for worry, however, is the tendency of the rupee to depreciate against the US dollar over the long term.
 
Over the past 10 financial years, on average, the rupee has depreciated at a compounded annual rate of 4.7 per cent against the dollar (between 2011-11 and 2020-21).
 
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