Back
Sairaj Kadam
Entrepreneur • 5m
Exactly, it’s definitely a mix of global politics and economics. The U.S. dollar is super strong right now because it’s seen as a safe currency, especially with the upcoming U.S. elections making things more uncertain. When people feel unsure, they tend to invest in dollars, pushing its value up. Plus, with the U.S. raising interest rates, investors are even more likely to move their money there. For India, this makes things expensive—especially imports like oil, which we buy in dollars. That adds to inflation here, and since we import more than we export, the rupee feels the pressure. Then there’s the impact of global tensions, like with China and Russia, which also make investors pull money from emerging markets like India back into the U.S. So yeah, it’s definitely all these global factors weighing on the rupee.
Replies (1)
More like this
Recommendations from Medial
Download the medial app to read full posts, comements and news.