Top $ spends travel & education take biggest hit
The Times of India Mumbai|July 20, 2022
From Price War To Conglomerates’ Multiple Play, Edu To Tourism, Rupee Depreciation Leaves Wide-Ranging Impact | Double Trouble For Students With US Inflation Spike
Aseem Gujar
Top $ spends travel & education take biggest hit

Mumbai: Twenty-four-year-old Jay Barot, who is set to join Vanderbilt University in Tennessee to pursue MS in computer science, is feeling a price pinch even before leaving for the US with the rupee tumbling to an all-time low of 80 against the dollar. That coupled with high inflation in the US is a disaster for outbound students like him, Jay says. For starters: One-way airline fares have doubled from Rs 50,000 last year to over Rs 1 lakh amid the fall intake rush.

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