Loans: Students Get Less $
Moneylife Digital Team 03 September 2013

In its bid to arrest the free-falling rupee, the Reserve Bank of India (RBI) has brought down the amount of dollars one can take out of the country, in a single year, from $200,000 to $75,000. “Education loans and remittances related to overseas studies are a part of the $75,000 limit, but if someone wants to remit a higher amount, they can do so with prior permission of the central bank,” says an RBI spokesperson.

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