Rupee slide hits foreign study plans

Rupee slide hits foreign study plans
Saloni Murari had begun applying to British universities in January. A few days ago, she suddenly dropped her plans to study overseas this year.

“With the rupee falling so fast, I’d have had to shell out much more. I have put my plans off till September next year; I hope the situation would have improved by then,” said the Delhi University graduate and MBA hopeful.

The rupee has lost about 13 per cent against the dollar since January, when Murari began working on her plans.
A one-year MBA course in a British university costs £12,000 to £17,000 in tuition fees while accommodation and other bills can come to between £6,000 and £10,000.

Saloni said Britain’s recent move to introduce a £3,000 cash bond for “high-risk” Indians (and some others) applying for six-month visit visas had worsened the problems for students.

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