What is the story about?
The euro's value against the Indian Rupee reached an all-time high. This rise significantly impacts the budgets of Indian tourists planning trips to Europe, increasing overall travel expenses.
Euro's Record Climb
On August 7, the euro reached a historic high of Rs 102.3763 against the Indian Rupee, according to the Reserve Bank of India. This marks the steepest valuation, reflecting a 15% appreciation from January 1 to August 7, 2025. This shift has major implications for travel.
Travel Costs Surge
With the euro at Rs 102.3763, a European vacation has become considerably pricier for Indian travelers. Expenses like food, local transport, attractions, and shopping now demand a higher Rupee outlay for every euro spent, affecting overall travel costs.
Visa & Insurance Hike
The costs associated with Schengen visas and travel insurance policies have also seen an increase. Indian travelers now face higher expenses for these essential elements, adding to the financial burden of planning a trip to Europe during this period.
Budget Impact Unveiled
Consider this: spending 1000 euros via a prepaid travel card now means shelling out Rs 1,02,376 or more, excluding bank charges and mark-ups. This scenario underscores the need for Indian travelers to carefully review and adjust their budgets accordingly.
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