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Invest in US funds, gold to fulfil child education goal amid rupee plunge

Travellers may switch to destinations against whose currencies the rupee has gained

Topics
US funds | US stocks | Rupee vs dollar

Sanjay Kumar Singh  |  New Delhi 



Photo: Shutterstock
Parents whose child will head abroad after five years or more should invest in US-focused funds

The rupee’s 9.2 per cent depreciation year-to-date against the will translate into a heftier bill for those planning to send a child to America for higher education, or those planning to vacation in that country.

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First Published: Mon, October 03 2022. 18:39 IST

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