The Indian Rupee (INR) has fallen by about 3.5% against the US Dollar in the past 6 months, crossing ₹87 per USD. As per a report, the USD rose 5% over the past year, from ₹83.01 on February 10, 2024, to ₹87.45 on February 1, 2025.
When the rupee loses value, international travel becomes more expensive. Here’s how it affects your budget:
The rising cost of travel has forced changes in both business and leisure trips:
You can still manage your expenses by planning ahead and using smart financial strategies:
Payment Method | Benefits | When to Use |
Prepaid Forex Card | Fixed exchange rates, secure, widely accepted | For daily expenses, shopping |
Credit Card (No Forex Fees) | Good exchange rates, no need to carry cash | Large purchases, hotel bookings |
Debit Card (Cash Withdrawal) | Easy access to local currency | ATM withdrawals, emergencies |
Digital Wallets (Apple Pay, etc.) | Contactless payments, minimal fees | Small purchases, stores accepting digital pay |
Local Cash | No transaction fees, accepted everywhere | For places that don’t take cards |
A weaker rupee makes international trips costlier, but smart planning can help reduce the impact. By using Forex cards, booking early, and choosing the right payment method, you can still enjoy a budget-friendly vacation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 28, 2025, 10:50 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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