The depreciation of rupee against dollar comes as disconcerting news for students seeking education in US universities.
While speculations are doing rounds that the rupee could further slide to Rs 60-62 against a dollar, students planning to go abroad for studies ahead of the August session are in a fix.
Those already studying in foreign universities are finding it extremely difficult to manage their expenses with the money they are getting from home.
Yatindra Kumawat, director of Alok International, a foreign education consultancy, said the firm is receiving queries from potential students on the impact of depreciation of rupee on the structure of fees and living expenses. Read more...