How does it affect the common man?

While economists and policymakers are divided on the merits and demerits of a strong rupee, It has certainly wiped the smile off exporters' faces. IT/ITES companies too are not happy with their falling bottomlines. ………... Students who took study loans from India a year back to go abroad will lose out, for the dollar rates were higher then. As for students who are now planning to take a loan to go abroad, they are unlikely to gain too much in real terms. ……….. Even those who are spending more abroad now are doing it just because they can buy a few dollars more. It's more a psychological thing. In real terms, it's only a few dollars more. [View Full Article]