rupee depreciation
Indian Rupee Hits Historic 90-Mark Against US Dollar: Economic Impact and Consequences for Overseas Students
Dec 03, 2025 06:27 pm CST
The Indian rupee has depreciated to a record low of 90.13 against the US dollar, affecting domestic markets and significantly increasing costs for Indian students studying abroad. This 7% slide since early 2025 has impacted everything from tuition fees to living expenses, with students in the US facing the steepest increases. The currency weakness stems from weak capital flows, persistent importer demand, and uncertainty over the India-US trade deal, potentially fueling inflation across multiple sectors.
RBI Governor Confirms No Plans to Charge for UPI Transactions While Considering Digital Enforcement for Credit Purchases
Oct 01, 2025 05:01 pm CST
RBI Governor Sanjay Malhotra has affirmed there are no plans to levy charges on UPI transactions, while the central bank evaluates a proposal for remotely locking phones purchased on credit during payment defaults. The RBI has also raised India's GDP growth projection to 6.8% for the current fiscal year, with Malhotra expressing confidence in continued economic growth alongside price stability.