Abstract: This paper presents the effect of rupee depreciation on common man. The main focus of the research was on change in pattern of spending and savings of people who are getting affected by rupee depreciation. Currency depreciation is severely affecting the economy of our country and eventually its residents are getting affected due to drastic change in their monthly budget. For stock market investors, things have turned worse. The fall in the value of Indian currency has several consequences which could have mixed effects on Indian economy and its residents. The study showed that after currency depreciation people are grappling with inflated prices of the commodities which they use in their day to day life and the change in their spending and savings trends, a falling rupee will pinch students who are planning to go abroad or are presently studying outside India. This paper studies the real implications of the depreciation of the rupee on the Indian Nationals and the steps taken by government to stem its fall.