How Devaluation of Indian Rupee Hurts Pocket

CARS

It’s been a month when car companies hiked prices. With the downward slip of rupee the time has come when they will think about moving the prices upward.

GADGETS-laptops, smartphones, MOBILE PHONES.

As the Government has to pay more on imports, the imported components will go costlier resulting into 5-12 % more price than earlier.

EXOTIC HOLIDAYS

Now spending your summer holidays abroad is not so easy to your pocket.

FOREIGN EDUCATION

Cost of living abroad, tuition fees and other expenses will increase. Consequently studying abroad will be much more expensive.

HOME APPLIANCES

If you are planning to bring home any LG or Bluestar appliance think again. Both the companies have already announced that they will charge 3-5 % & 2.5-7.5% more than earlier.

FUEL

Again petrol prices is hiked by RS 2 and if rupee continues to slide this way it will be a high burden to maintain your four wheelers. Higher fuel price will lead to fall in demand for cars.

EDIBLES

Transporters have to pay more so they will obviously charge us more. Green vegetables, fruits, grocery items may go costlier if the fuel price continues to go this way.

IMPORTS

Now importers have to pay more for their consignments. If the rupee remains weak it will become harder for companies to repay the foreign debt.