Wednesday, July 4, 2012

Let's Stay Home, The Currency is Falling

One of the major determinants of international travel is the exchange rate. The decrease in the value of the Indian rupee has caused Indians to experience an increase of 30-40 percent in international travel costs over the past six months. One Indian travel agency reported a drop of 25 percent in travel volume this year. http://finance.yahoo.com/news/weak-rupee-makes-foreign-trips-054946511.html