The Reserve Bank of India (RBI) seemingly loosening its grip on the rupee, amid a host of other factors such as the delay in the India-US trade deal, the 50 per cent tariff on India, weakening Foreign Direct Investment inflows, and investors pulling out money from the equity markets. The result has been that the rupee has depreciated by around 5 per cent against the US dollar in 2025, falling past the 90-per-dollar last week to new all-time lows.

But while financial markets have tools at their disposal to weather this storm, what about the common man – or at least the section of the populace that dreams of sending their children to a reputed foreign university or take holidays abroad? A weaker rupee makes all of this more expensive. For example, an annual tuition fee of $100,000 would

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