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Amid Russia Ukraine war, Indian rupee declines to an all-time low against US dollar: How does US Dollar determine the value of Indian currency? All you need to know

India is one such country that is primarily affected by Russia’s invasion of Ukraine. The Indian rupee fell to a record lifetime low of 76.97 against the US dollar.

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India is on the path to becoming the world's leading consumption economy, as household growth, tax reforms, and a booming Gen Z population fuel discretionary spending.

The ongoing Russia Ukraine war has not impacted just these two countries’ GDP but also affected the economy globally. India is one such country that is primarily affected by Russia’s invasion of Ukraine. The value of the Indian currency has declined to an all-time low.

The Indian rupee fell to a record lifetime low of 76.97 against the US dollar. It’s due to a significant increase in international crude oil prices, which has threatened to raise imported inflation and deepen the country’s trade and current account deficit.

Global crude oil prices were nearing record highs after reports said that the US and its European allies are considering barring Russian oil imports in response to the country’s invasion of Ukraine. Brent crude oil hit a high of USD 139.13 per barrel, before easing a bit.

Which is the most powerful currency in the world and how does it determine the value of other currencies?

US dollar is the most powerful currency in the world. All the trading in the world is done in US dollars. Each country has its own currency and its value is determined by the economic concept of Demand and Supply.

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The value of a currency that is in higher demand has a higher value. The value of a currency is determined by economic factors such as trade, inflation, employment, interest rates, growth rate, and geopolitical situations.

The concept of currency fluctuation is part of the larger Foreign exchange market.

What is Foreign Exchange Market?

The Foreign Exchange Market is mainly a global market for currency trading. One currency is exchanged for another at a particular rate. The rate at which two particular currencies are exchanged is called the exchange rate.

The value of one country’s currency in relation to another country’s currency is known as the exchange rate.

How does US Dollar determine the value of Indian currency?

The US dollar is in high demand because India imports more goods from the US than it exports. The demand for the US dollar will rise in this situation because more dollars will be paid to the US while purchasing products from them.

To pay for these goods, more dollars will have to be purchased on the foreign exchange market in India. As a result, demand for US dollars will rise compared to the Indian rupee, boosting their value.

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However, if the Indian Rupee’s value plummets dramatically, the government will step in. They will aim to decrease the supply of Indian rupees immediately to compensate for the low demand. They will purchase the Indian rupee on the market with US dollar reserves. As it buys more Indian currency with US dollars, the supply of Indian currency falls while the supply of US money rises, resulting in an increase in the rupee’s value and a reduction in the dollar’s value.

If the oil prices keep increasing at this rapid rate then the Indian currency could head towards 79 per dollar soon.

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Russia Ukraine War Live Updates: Russian military action will stop in a moment is Ukraine meets conditions, says Kremlin

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Rohit Pawar alleges big personality link in Ajit Pawar plane crash case

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Nationalist Congress Party (SP) MLA Rohit Pawar on Thursday alleged that a “big personality” was connected to the company linked to the plane crash that killed his uncle, Maharashtra Deputy Chief Minister Ajit Pawar, and others in Baramati last month.

Addressing reporters after holding a protest, Rohit Pawar demanded the resignation of Union Civil Aviation Minister K. Rammohan Naidu. He alleged that the minister’s party had financial links to the company involved in the crash and said he should step down from his post.

“The owner of VSR company is close to very powerful leaders. Many people in Maharashtra are connected to this. There is a clear attempt to protect VSR because some ‘big personality’ is involved in this,” Rohit Pawar said.

Demand for wider probe

The fatal aircraft accident occurred in Baramati on January 28. Following the incident, the investigation into the accidental deaths of Ajit Pawar and others was transferred to the Criminal Investigation Department (CID) of the Pune Police, considering the gravity of the case.

Rohit Pawar questioned the progress of the probe and said the public must be informed about the steps taken so far. He pointed out that the Aircraft Accident Investigation Bureau (AAIB) examines technical aspects of an aviation mishap, but not possible criminal angles.

Additional Director General of Police Sunil Ramanand said the CID investigation is exploring multiple aspects, including whether there was any foul play or sabotage behind the accident, whether criminal negligence played a role, and whether there was any larger conspiracy. He added that the AAIB report would be incorporated into the CID’s findings once received.

Family voices concerns

Referring to concerns raised by family members, Rohit Pawar said that Jay Pawar, Ajit Pawar’s son, had expressed doubts on social media regarding the aircraft’s black box. Sunetra Pawar, Ajit Pawar’s wife, has sought a probe by the Central Bureau of Investigation.

Speaking emotionally about his relationship with his uncle, Rohit Pawar said Ajit Pawar had guided him politically and personally. He added that Ajit Pawar had wished to reunite with Sharad Pawar and had recently spoken to him.

The CID continues its investigation, while awaiting the technical report from the AAIB.

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Over 5,000 tribals join BJP in Assam’s Goalpara ahead of elections

More than 5,000 tribals, largely from the Garo community, joined the BJP in Assam’s Goalpara district during a large-scale ST Morcha programme ahead of elections.

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Hemanta Sharma

More than 5,000 members of tribal communities formally joined the Bharatiya Janata Party (BJP) at a large-scale event held in Assam’s Goalpara district on February 25, weeks before key elections.

The joining programme was organised by the BJP ST Morcha, Assam Pradesh, at the Agia School playground. The event was conducted under the leadership of Riya Sangma, State Secretary of BJP ST Morcha and in-charge of the Goalpara ST Morcha.

Party leaders said the programme witnessed strong participation, particularly from the Garo community, describing it as a significant political development in the district.

The chief guest at the event was Samir Oran, National President of BJP ST Morcha and outgoing Member of Parliament (Rajya Sabha). Among those present were Bijuli Kalita Medhi, MP from the Guwahati Lok Sabha constituency, Ravindra Raju, Horen Singh Bey, who serves as State President of BJP ST Morcha, and other party leaders.

Goalpara district has traditionally seen strong influence from opposition parties, especially the Congress. Tribal voters in the region have largely remained divided, making the large-scale induction ahead of elections politically significant.

Addressing the media, Samir Oran said the BJP has brought a new phase of recognition and opportunity for tribal communities across the Northeast. He stated that the joining programme reflected growing trust among tribal populations in the party.

Riya Sangma said many tribal communities, particularly members of the Garo community, had earlier felt deprived of adequate respect and development benefits. She added that the participation of over 5,000 people demonstrated confidence in the BJP’s leadership.

Dipankar Nath, BJP Goalpara District President, termed the development a “game-changer” for the constituency. He said the party remains committed to the welfare, development and dignity of tribal communities.

Party leaders expressed confidence that the induction drive would strengthen the BJP’s organisational base in Goalpara and nearby areas ahead of the upcoming polls.

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PM Modi crosses 100 million followers on Instagram, first world leader to achieve milestone

Prime Minister Narendra Modi has crossed 100 million followers on Instagram, becoming the first world leader to achieve the milestone and widening the gap with global counterparts.

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Prime Minister Narendra Modi has become the first world leader and politician to cross 100 million followers on Instagram, marking a significant moment in global political communication.

Having joined the platform in 2014, the Prime Minister has steadily built one of the most followed political profiles worldwide. Over the past decade, his Instagram account has featured updates on official engagements, international visits, public outreach programmes, cultural highlights and personal moments, helping him connect with a broad and diverse audience.

With 100 million followers, PM Modi now ranks first among world leaders on Instagram. His follower count is more than double that of US President Donald Trump, who stands at 43.2 million followers.

Other prominent leaders remain considerably behind in comparison. Indonesian President Prabowo Subianto has around 15 million followers, Brazilian President Luiz Inacio Lula da Silva has 14.4 million, Turkish President Recep Tayyip Erdogan has 11.6 million, and Argentine President Javier Milei has 6.4 million followers.

Notably, the combined follower count of the next five major global leaders remains lower than PM Modi’s individual tally, highlighting the scale of his digital outreach. Observers note that his presence on Instagram resonates strongly with younger users in India and abroad, reflecting the growing importance of visual and interactive platforms in political engagement.

Wide gap within India’s political space

The Prime Minister also maintains a substantial lead over other Indian political figures on Instagram. Uttar Pradesh Chief Minister Yogi Adityanath has around 16.1 million followers, while Congress leader Rahul Gandhi has approximately 12.6 million followers.

The gap underlines PM Modi’s dominant position on social media among domestic political leaders.

The milestone reflects a broader global trend of political leaders increasingly using platforms like Instagram to communicate directly with citizens, share governance updates, and expand public engagement beyond traditional media channels.

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