Nifty99000 100%

Sensex99000 100%

Article rating: 4.0
Tags:
Article rating: 5.0
Tags:
Article rating: 3.7
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: 3.5
Tags:
Article rating: 4.7
Tags:
Article rating: No rating
Tags:
Article rating: 5.0
Tags:
Article rating: No rating
Tags:
Article rating: No rating
Tags:
Article rating: 5.0
Tags:
Article rating: 4.3
Tags:
Article rating: 4.5
Tags:
Article rating: No rating
RSS

News

Indian travellers unfazed by Rupee fall

Author: PTI/Thursday, August 16, 2018/Categories: Currency

Indian travellers unfazed by Rupee fall

New Delhi, Aug 16 - The falling rupee has had no adverse impact on the outbound travel plans of Indians, Thomas Cook India and Cox & Kings today said.

However, travel firm Yatra.com said it is likely to impact outbound tourism from India.

The rupee continued its slide and today slumped 43 paise against the dollar to trade at an all-time low of 70.32 on strong demand for the US currency.

"The weakness in the rupee against the dollar has not had any impact on the travel plans of Indians," Cox & Kings Relationships Head Karan Anand said.

In the last eight months, the rupee has fallen over 8 per cent against the dollar. However, this has had little impact on people taking trips to dollar destinations, he added.

Indian travellers are very calculative and factor in currency fluctuations and keep a significant buffer while budgeting their travel, Anand said.

"Indian travellers will not cancel their vacation. They may trade down like reducing the duration of travel, stay in four-star accommodation and cut down on shopping to reduce expenses while on the trip," he added.

However, it is very rare that travellers cancel or reassess their choice of overseas destination that has been planned for months, Anand said.

In similar vein, Thomas Cook India President & Country Head - Holidays, MICE, Visa & Passport Services Rajeev Kale said the rupee depreciation has had no adverse impact on the company's outbound bookings. 

The forward bookings indicate that holiday-travel has now become non-negotiable, he added.

However Yatra.com COO (B2C) Sharat Dhall said the falling rupee is likely to impact outbound tourism from India.

Travellers who will plan their business travel at a short notice are more likely to be affected by the depreciating rupee, otherwise, leisure travellers are expected to postpone their plans until rupee steadies, he added.

"Keeping their travel cost effective, travellers would like to visit destinations such as Turkey, Indonesia and Russia where the rupee has been stable," Dhall said.

Print Rate this article:
No rating

Number of views (308)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free