Back
Sairaj Kadam
Entrepreneur • 8m
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
Pulakit Bararia
Building Snippetz la... • 23d
Why Israel is attacking Iran? It’s not about nukes. That’s just the excuse. The real reason? Oil and the U.S. dollar. Iran sells oil cheap — up to 30% below market — and doesn’t use dollars. This threatens the petrodollar system, where global oil mu
See More
Chamarti Sreekar
Passionate about Pos... • 1m
The U.S. leads the global tech scene with 690 unicorns valued at a massive $2.53 trillion — more than China and the EU put together. Giants like SpaceX, OpenAI, and xAI are setting the pace. In this global race, India is rising fast — with firms lik
See More
Rajan Paswan
Honorary Mentions - ... • 1y
What If the USA Filed for Bankruptcy Today? If the United States declared bankruptcy today, the immediate effect would be catastrophic. The value of the U.S. dollar would plummet, triggering a global financial crisis. Banks worldwide would face inso
See More
Download the medial app to read full posts, comements and news.