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Thursday 29 August 2019

Weak rupee makes studies abroad dearer

A weaker rupee is making educational loans more expensive for parents looking to send their children overseas. Given that the rupee has weakened from Rs 68.5 to the dollar in July 2019 to almost 72 this week, the additional burden would be almost Rs 1.4 lakh for a student paying $40,000 tuition fees.

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