Studying and vacationing abroad to get costlier as rupee steadily declines

It would be a good time to show some restraint, especially if you are planning to travel

Neeraj Khanna, co-founder and director, Spark Career Mentors, sums up the anguish of many parents due to the steady decline in the rupee. “Several mid-senior level corporate executives have taken the tough call of not sending their children abroad. I know of a few students who suffered from depression due to the last-minute change in their education plans.”

With the rupee hitting Rs 72/dollar on Thursday, things suddenly don’t look too good on several counts. Education abroad will get more expensive, travelling too will be hurt, and for ones in the country, more expensive crude oil prices will stoke inflation.