Canadian Dollar Vs Indian Rupee/Pakistani Rupee

[royalsting]

Whatever additional information they require they can squeeze it out from the concerned authority or ask from you later. Adding them won't harm your profile, but might extend the time frame in which visa is usually issued.

***DO NOT PROVIDE ANY ADDITIONAL DOCUMENTS UNLESS REQUESTED TO DO SO BY A VISA
OFFICER, OR YOUR FILE WILL NOT BE GIVEN PRIORITY PROCESSING UNDER SPP.

 

[enfield]

In recent times the value of USD has gone up vis-a-vis other currencies of Asian Countries. This has also resulted in steep increase in the value of other currencies like Euro, Pound Sterling, Australian Dollars and Canadian Dollars. As of yesterday, the following are the value of CAD in terms of INR and PKR:


1 CAD = 84.16 Pakistani Rupee

1CAD = 50.83 Indian Rupee


Though this implies higher tution and cost of living fees in terms of Rupees, I am not sure about its impact on the VISA processing. Since, almost everyone on the forum takes some sort of loan for education this increase in value of CAD is going to make the INR amount loan smaller.

For Example, if somebody took a loan of 12 Lakhs from a bank:

With 1 CAD = INR 47.50, 12 Lakhs would mean CAD 25,264.00 (Approx.)

With Current Prices of 1 CAD = INR 50.83, 12 lakh would mean USD 23,609.00 (Approx.)


Since, SPP requires 80 percent of first years tuition and cost of living, people who are thinking of applying for loans now might have to keep this into consideration before going for VISA application.

P.S - Not trying to be judgemental about anyone's case on Forum but while going through Economic Times thought how this would change the way we look at out education loan requirements.

Share your thoughts as well !!!

Hi,

Yes, it’s a problem. Hopefully, there might be something good by the first week of February 2012.

 

[vark]

@ royal,

Thank you for your valuable advice .

 

[vark]

Finally Rupee values has gained ... ;D
Now,
49.8 INR = 1 CAD
Atleast it has come below 50 rupess mark

 

[Rupak14]

Finally Rupee values has gained ... ;D
Now,
49.8 INR = 1 CAD
Atleast it has come below 50 rupess mark

It keeps changing man. I check it everyday.

 

[vark]

Ya true...

Back to 50+ :'(

 

[Rupak14]

Ya true...

Back to 50+ :'(

It was 51+ yesterday

& now 1 Canadian dollar = 50.6801624 Indian rupees :

 

[jstar1]

whooooping...when i paid first sem fess, it was 47 INR

 

[Rupak14]

whooooping...when i paid first sem fess, it was 47 INR

same here

 

[vark]

when i paid my first sem Fee it was "49.5"

 

[Rupak14]

when i paid my first sem Fee it was "49.5"

For me it was around 48

 

[vark]

For me it was around 48

:'(

 

[Lovely_16]

:'(

Yesterday i paid my fees 10,000CAD and the current rate was 51.41 through SBI.
So, 10000 * 51.41 = 514,100 INR + 2000 INR service charge = 516,100 INR
Tell me anyone paid more than me, i will feel better.
I know i am in loss but anything for visa.

 

[vark]

Yesterday i paid my fees 10,000CAD and the current rate was 51.41 through SBI.
So, 10000 * 51.41 = 514,100 INR + 2000 INR service charge = 516,100 INR
Tell me anyone paid more than me, i will feel better.
I know i am in loss but anything for visa.

OMG!!!

Now iam feeling a lot better ... He he he. ;D
Thats bad though !!!
But as u said, anything for Visa ... 8)

 

[Rupak14]

Now iam feeling a lot better ... He he he. ;D

lol