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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.

Read Also: Russia Ukraine War Live Updates: Russia attacks evacuation bus, three wounded, claims Ukraine

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.

Read Also: Russia Ukraine War: These pictures of Ukrainian children caught in midst of war will break your heart

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

India News

Petrol bomb hurled at BJP leader’s clinic in Bathinda ahead of CM Mann’s visit

A petrol bomb was thrown at BJP leader Dr Tarsem Garg’s clinic in Bathinda, sparking panic and prompting a police investigation ahead of CM Bhagwant Mann’s visit.

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A petrol bomb was allegedly thrown at the clinic of BJP leader Dr Tarsem Garg in Punjab’s Bathinda, triggering panic in the area and prompting a police investigation. The incident occurred late on Monday night, just ahead of Punjab Chief Minister Bhagwant Mann’s scheduled visit to the city.

According to preliminary information, two masked individuals were involved in the attack. CCTV footage reportedly showed one suspect lighting a bottle filled with petrol while another recorded the incident. The burning bottle was then thrown inside the clinic premises before the accused fled the spot.

The sudden explosion-like sound created panic among nearby residents, who rushed to the clinic after the attack. No injuries were reported, although some property, including a parked scooty and plants in the courtyard, was damaged. Burn marks were also found at the site.

Dr Tarsem Garg said he had not received any threats and was unaware of any personal enmity that could have led to the incident. Police teams reached the spot soon after receiving information and began collecting evidence. Senior officers inspected the scene and are analysing CCTV footage to identify the attackers.

SP City Narinder Singh confirmed that two unidentified individuals were involved in the attack and said multiple teams have been deployed to trace the accused. The incident has raised security concerns, particularly because of the chief minister’s visit to Bathinda.

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Many mocked us as an actors party: Vijay responds to critics in first detailed Assembly speech

Tamil Nadu Chief Minister Vijay said TVK was once mocked as an “actors’ party” as he delivered his first detailed speech in the state Assembly.

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Actor vijay

Tamil Nadu Chief Minister and Tamilaga Vettri Kazhagam (TVK) chief Vijay on Monday delivered his first detailed speech in the state Assembly, using the occasion to respond to critics who had earlier dismissed his party as merely an “actors’ party”.

Addressing the House, Vijay said several people had ridiculed TVK when it entered politics, questioning whether a party led by film personalities could succeed. He, however, asserted that the electoral mandate received by his party had answered those criticisms.

The Chief Minister said political movements should be judged by their commitment to public welfare and governance rather than the backgrounds of those leading them. He stressed that the people of Tamil Nadu had placed their trust in his party and that the government would work to honour that faith.

Vijay invokes leaders who faced criticism

During his address, Vijay recalled that several prominent leaders in Tamil Nadu’s political history had also faced scepticism before rising to power. He said doubts about experience and capability were not new in politics and noted that public support ultimately determines political success.

The TVK leader reiterated his government’s commitment to transparency, accountability and ensuring that the Assembly functions in a democratic manner, with adequate space for both the ruling side and the opposition. He said the interests of the state’s people would remain the government’s top priority.

Vijay’s speech drew attention as it marked his first comprehensive intervention in the Assembly since assuming office as Chief Minister following the 2026 Tamil Nadu Assembly elections.

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Delhi records 38.4°C as air quality turns poor, IMD forecasts cloudy skies

Delhi recorded a maximum temperature of 38.4°C, while air quality slipped to the poor category. IMD has predicted partly cloudy skies with chances of thunderstorms and light rain.

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Delhi NCR weather update

Delhi recorded a maximum temperature of 38.4 degrees Celsius on Monday, slightly below the seasonal average, even as residents continued to experience hot and humid weather conditions.

According to the India Meteorological Department (IMD), the national capital is expected to witness partly cloudy skies during the day, with the possibility of thunderstorm activity and light rainfall in some areas later in the evening or during the night. Strong surface winds are also likely during the day.

The city’s air quality, however, deteriorated and slipped into the ‘poor’ category, raising concerns over deteriorating atmospheric conditions. Authorities have advised vulnerable groups, including children, elderly people and those with respiratory ailments, to limit prolonged outdoor exposure.

Weather officials said temperatures in Delhi remained marginally lower than normal, but high humidity levels continued to make conditions uncomfortable for residents. The “feels like” temperature remained significantly higher due to moisture in the air.

The IMD has forecast partly cloudy conditions over the next few days, with chances of very light to light rainfall and thunderstorms in parts of Delhi-NCR. Gusty winds ranging between 20 and 30 kmph, reaching up to 40 kmph at times, are also expected.

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