Owing to rupee depreciation, the cost of studying abroad will also rise, even in cases where colleges have not hiked their fees.
With the rupee depreciating around 7 per cent against the US dollar year-to-date, those planning to travel abroad, or sending their children to study in foreign colleges, will have to shell out more.
Costs are up
International tour costs are up by as much as 50 per cent compared to 2019 or pre-pandemic levels (see table) on the back of pent-up demand, increase in airfares and on-ground charges.
First Published: Jul 19 2022 | 1:02 PM IST