How Indian Students Can Manage Overseas Education Costs Amid Rupee Fall

The depreciation of the Indian rupee has made studying abroad more expensive for Indian students. Tuition fees, living expenses, and daily costs have surged due to the weaker rupee. Even a slight fluctuation can significantly increase annual expenses, making budgeting a challenge.

To manage these costs, students can use forex cards for daily expenses, wire transfers for tuition fees, and maintain an emergency cash fund. Forex cards, loaded at a fixed exchange rate, protect against rupee depreciation and eliminate foreign transaction fees. This makes them a cost-effective option compared to INR-denominated credit or debit cards.

Additionally, students should consider zero-markup forex services to avoid high mark-ups charged by traditional money changers and banks. By adopting these strategies, Indian students can better manage their finances and minimize the impact of rupee depreciation on their overseas education budget.