BusinessPhoto: NDTVCostlier Loans and Weaker Rupee Challenge Indian Students Abroad
Indian parents planning to send children abroad for higher education face financial challenges due to a weak rupee and rising loan interest rates. The RBI recently raised the repo rate to 5.5%, tightening monetary policy amid inflation. A rupee above 95 against the US dollar increases the cost of foreign tuition and living expenses, straining family budgets.
NDTV·

