Rupee slump a hard lesson for Indian students overseas
Following the 18 percent slump in the rupee this year, for the 800,000 or so Indian students who go overseas to study each year, the main question is whether they can still afford to do so as their costs in rupees have risen by as much as 20 percent.”If the currency continues to depreciate, it will certainly put a doubt in the mind of students on whether to look at going abroad next year or not…it may affect the January or next September admission,” said New Delhi-based Ajay Mittal, a director at International Placewell Consultants Pvt Ltd, a student placement company.
(Courtesy of Sannam S4)
Source: Reuters
URL:http://www.reuters.com/article/2013/09/01/india-rupee-education-idUSL4N0GT24120130901
