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Rupee fall against dollar, leaves parents worried, domestic tourism benefits

Chennai, July 21 (IANS): The fall in rupee against the US dollar will be pinching the Indian parents and their wards studying and aspiring to study in that country, said experts and parents. They also said students can look at other countries to pursue their education as the currencies that rupee is appreciating. The rupee has been depreciating against the dollar in recent times and touched an all time low of 80.05 against a dollar giving jitters to the parents whose wards are studying in the US as well as the aspirants for an US university degree. The reason? The parents have to pay more rupees to buy a dollar and their wards studying in the US have to tighten their belts. “Our daughter tightened her spending while studying in the US as we bought dollars and sent her. During her study time too the dollar appreciated,” V.Revathi, a retired banker told IANS. “The major reasons for the weakening of Indian Rupee against the US Dollar are global factors that include Russi ....

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