Student & Financial ... • 1y
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.
Student & Financial ... • 1y
The Truth of the Rupee’s All-Time Low & Actionable Insights (5 Minute Read) The Indian Rupee (INR) recently fell to an all-time low of 84.1950 against the U.S. Dollar (USD). This decline follows a stronger USD, driven by early U.S. presidential ele
See More
Founder And CEO Of F... • 1y
Why is the Indian Stock Market Falling for Four Straight Sessions? Here Are 5 Key Reasons Stock Market Today: Experts Cite 5 Key Reasons Behind Indian Market Decline 1. US Presidential Elections: Uncertainty surrounding the upcoming US elections is
See More
Founder Snippetz Lab... • 4m
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 MoreBuilding Bharat • 1y
The Indian rupee hit an all-time low of 84.13 against the USD, marking its fourth consecutive drop. Monday saw a previous low of 84.11. This dip occurs as investors closely watch U.S. elections on Nov 5. #IndianRupee #Forex #USDElection #CurrencyUpda
See MoreDownload the medial app to read full posts, comements and news.