Exchange Rate Fluctuations

[Iampositive]

Hi all,

I have submitted my application on July 10 with CAD 20170 as my settlement fund amount, my lico for 3 members is 18875, i cushioned myself with an extra $1200, the exchange rate for CAD to INR was rs 49.8 on my submission date. Today it is 51.03 and is anticipated to go up in the coming months and touch 55 by OCT 17. If CIC picks live exchange rates then i might go below the lico threshold even after having a buffer of $1200.

Please give your thoughts experiences on the above issue.

 

[shagunsangwan]

Since this is obviously not your fault and its the officer's job to make a well informed decision.
I dont think this should be a problem at all.

 

[Iampositive]

Since this is obviously not your fault and its the officer's job to make a well informed decision.
I dont think this should be a problem at all.

Logically it is my duty to meet the lico at the time of applying.. and not anticipate exchange rate 6 months down the line

 

[shagunsangwan]

Logically it is my duty to meet the lico at the time of applying.. and not anticipate exchange rate 6 months down the line

Yes, and from my personal experiences
Visa officers ( canadians in general) are fair 99% of the time.

 

[Mai matwins]

What happened with your case?