Weak rupee affects overseas students and international travelers in India
The Indian rupee has fallen to over 87 against the US dollar, impacting overseas students and international travelers. Students like Urmi Bhatia in New York are considering part-time jobs to manage rising living costs. Travelers are also concerned about increased expenses for upcoming trips. Reema Shah, planning a visit to the US and Canada, worries about the cost due to the rupee's volatility. The weak rupee benefits non-resident Indians (NRIs) buying property in India, as their disposable income increases. NRIs now account for about 17% of real estate investments in India, a figure expected to rise to 20% by 2025.