scorecardresearchRupee at life-time low to hit imports; Here's how it impacts your overseas education, travel

Rupee at life-time low to hit imports; Here's how it impacts your overseas education, travel

Updated: 15 Jul 2022, 01:47 PM IST
TL;DR.
The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a boon for the exporters as they receive more rupees in exchange for dollars.
FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta

FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta