As the Indian rupee breached the 90-mark against the US dollar, Edelweiss MD & CEO Radhika Gupta reignited discussions on the escalating costs of international education.<\/p>\n
In her latest post on X, Gupta said she has received “a lot of messages” on that Rs 10-crore figure, especially now that the rupee has hit 90. <\/p>\n
While stressing that she cannot predict where the currency will be in a year, Gupta argues it is “safe to factor in 2\u20134% currency depreciation over a long period” because India needs a competitive exchange rate to support exports. <\/p>\n
“What we cannot predict, we can prepare for,” she added, recommending diversification into international assets, particularly for families anticipating overseas expenses.<\/p>\n
Gupta also wrote about barriers to overseas investments, noting that Liberalised Remittance Scheme limits have constrained many Indians. However, she teased upcoming solutions. <\/p>\n
She wrote, “Solving that problem via GIFT [City], very soon with two funds!” <\/p>\n
GIFT City, India’s international financial hub in Gujarat, allows easier access to global markets through mutual funds, bypassing some LRS restrictions.<\/p>\n","protected":false},"excerpt":{"rendered":"As the Indian rupee breached the 90-mark against the US dollar, Edelweiss MD & CEO Radhika Gupta reignited…\n","protected":false},"author":2,"featured_media":176082,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-176081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/176081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=176081"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/176081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/176082"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=176081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=176081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=176081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}