Rupee Volatility Impacts Overseas Education Costs & NRI Remittances

• Fluctuations in the rupee directly affect the cost of overseas education for Indian students, even with stable university fees.
• A weaker rupee increases the effective cost of tuition, living expenses, accommodation, transport, and insurance for students abroad.
• Visa-related proof-of-funds requirements in countries like the UK and Canada become more challenging with a depreciating rupee.
• Conversely, a weaker rupee enhances the purchasing power of overseas earnings for NRIs, encouraging inward remittances.
• NRIs are using the exchange-rate benefit for loan prepayments and asset purchases in India, strengthening household balance sheets.

Why It Matters: Rupee movements significantly impact overseas education affordability and NRI remittance strategies amid global economic uncertainty.