New Delhi, Dec. 15 -- The rupee slipping past the Rs.90 mark against the US dollar may sound like a problem mainly for travellers heading to the United States. But the reality is broader-and more expensive. From Europe to the Maldives and even parts of Southeast Asia, overseas holidays are quietly getting dearer as currency depreciation filters through flights, hotels and on-ground spending.
The rupee hit a record low of 90.7 against the dollar on Monday. Six months ago, it was around 86.5, and a year ago about 85. In just 12 months, the currency has depreciated roughly 6.25% against the dollar.
The impact, however, is far from uniform. While some markets are seeing sharper price increases, others remain relatively insulated due to loca...
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