Effect of a Weak Rupee on Travel, Education and Imports

A softer rupee raises the price tag on anything that requires foreign currency. For Indian tourists, the cost of flying to Europe or North America climbs as airlines adjust fares to reflect the weaker exchange rate. Students heading abroad face an even steeper hill, as tuition fees are quoted in dollars or euros. Importers are not immune, as crude oil, the backbone of India’s energy consumption, is bought in dollars.