Good News
CAD to INR exchange rate has gone down by 10% since launch of 2014 program on 1st May. This is a significant reduction in the forex market.
Hence, Indian applicants ready to start life in Canada are going to benefit considering lesser settlement funds required now. Below is the comparison
Number of
Family Members Funds Required (CAD) Funds in INR (1stMay14) Funds in INR (25thJan15)
Savings (INR)
1 $11,824 649,671 584,342 65,328
2 $14,720 808,792 727,462 81,330
3 $18,097 994,341 894,354 99,987
4 $21,971 1,207,199 1,085,807 121,392
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