As Rupee Falls, You Have To Pay More For International Travel

Indians are shaken as the rupee hits an all-time low against the US dollar. It is nearly 80 against a dollar, which might significantly affect travel, education and trade. As for the Indian travellers, unfortunately, travelling will appear to become much more expensive – both domestic and international. This major shift in the depreciation of the rupee will have an adverse effect on travellers, although a section of traders might benefit. Fuel prices in India are skyrocketing, and the depreciating rupee might add to it.

Low Rupee To Affect Travel

Fuel prices have been on the increase, with no relaxation. This will automatically raise the flight tickets and increase travel woes for frequent travellers and tourists in India. The pandemic had stressed the aviation and tourism industry in India to a large extent. Now, we can only wait and observe how travellers would spend despite the high prices and fluctuating rupee in the international markets. According to experts, for people who wish to study and pursue high education abroad, the dip in the rupee is likely to make education more expensive.

Also Read – International Travel May Cost A Bomb As Indian Rupee Hits Record Low

Overseas Travellers Need To Optimise Budget (Money Management)

After the relaxation in travel restrictions, Indians have headed abroad, rather than exploring places within the country. If you are an avid traveller and do not wish to cancel visiting international destinations, then here are a few tips you can use on money management during travel. Travelling through agencies, ask for a better plan and negotiate with them. Considering the trip you’re taking, check for alternatives to expensive hotels. And make sure, you opt for a pre-paid forex card! Apart from these, for currency conversion, avoid places like hotels or airports, which charge higher comparatively. Specify all the things you’ll be spending on, a good plan goes a long way toward making you an expert traveller.

If you too, have some tips on money management during foreign travels, let us know!

Also Read – Foreign Travel Gets 25% Percent Costlier As Indian Rupee Value Dips