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Rupee crash casts shadow over US-bound Indian students' dreams; total cost may go up by ₹3.7 lakh a year

3 months ago 11
In the last month, the RBI has intervened to prevent the rupee's further fall. Although the regulator’s intervention strengthened the rupee by nearly 1 per cent against the US dollar, the Indian currency still trades nearly 5 per cent lower than its level a year ago.
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