Indian rupee has hit an all time low with the current rate of Rs 77. 58 against a dollar. The factors that led to the price decline were rising crude oil prices, and the higher current account deficit due to the strengthening of the dollar. Now the rupee depreciation will affect investments, import bills, and even overseas education. Overseas education will become more expensive for Indians now. Now students and parents need to look into economic prospects and the relationship between both the countries. Proper research must be conducted. This will directly affect the savings of the parents who are paying for their child's education. Although it will benefit those students who have to pay their education loan after they have completed their studies.
