With the British pound rising rapidly and racing to touch a one-year-high, UK-bound Indian students this year are likely to face a tough road ahead.
One GBP is now valued at ₹110.95, thus inching closer to its one-year high level, reported Reuters.
When the year 2024 kicked off, one pound was valued at ₹105 a unit, and in the first six months, it fluctuated between 100 and 105 before hitting ₹108 in July (Source: XE.com).
In the past month, the British Pound Sterling has been rising continuously and hitting fresh new highs every other day or week. For the past couple of days, it has been trading in the range of ₹110-111 a unit.
For one unit of the pound, an increase of ₹5 leads to a substantial difference when the entire year’s cost of education is computed. An average British university charges £20,000 for a one-year course. And when you calculate living expenses for the entire year to the tune of £12,000, the total cost rises to £32,000.
And when you factor in a jump of
