How is the falling rupee affecting students planning to study abroad?

The impact of Indian rupee's decline is being felt by students planning to study abroad. "A year ago, when the rupee was around ₹83/dollar, a US university charging $40,000/year, cost...₹33 lakh. With the rupee now weaker, the course costs over ₹36 lakh," explained Prithvi Exchange MD Pavan Kavad. The same monthly remittance would buy less food and less comfort abroad.