English हिन्दी
Connect with us

India News

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.

Published

on

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

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.

https://www.facebook.com/watch/?extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&v=1124262888399116

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

India News

Video of men attacking Muslim jaggery vendor with sticks, stones in Uttar Pradesh goes viral, police nab accused | WATCH

After the video went viral, the authorities tweeted that Nandgram police nabbed 6 accused in the matter. According to the Police’s statements, the incident transpired on the morning of March 24. The police also added and said that the accused are local vendors of the area. The victim has also been identified as Danish.

Published

on

A video has come to light from Uttar Pradesh’s Ghaziabad where a group of men can be charging at a Muslim man with sticks and bricks. It was reported that a jaggery vendor in the area was attacked by a group of men, following which police rushed to the incident and filed a complaint.

In the video, 3 men with sticks and bricks can be seen charging at the vendor as he tries to flee. However, failing to do so, the jaggery vendor gets ruthlessly beaten up by the group of men.

The video also shows the jaggery vendor imploring and screeching after being struck by the sticks. The man, after struggling, can be seen fleeing away from the grips of the men assaulting him. The men can also be seen chasing after him as the man runs from the group of men.

Watch video here:

Police’s action

After the video went viral, the authorities tweeted that Nandgram police nabbed 6 accused in the matter. According to the Police’s statements, the incident transpired on the morning of March 24. The police also added and said that the accused are local vendors of the area. The victim has also been identified as Danish.

The accused have been identified as Ashutosh, Ashish Kaushik, Pravesh Kaushik, Anupam Kaushik, Sonu, and Titu who are residents of the same area. The police are probing the case further, said reports.

Twitter reactions

After the video of the incident went viral, many users came forward to add their take on the incident. One user wrote termed the incident as shameful. The user also praised the Police authorities for putting the accused behind bars for their gooney actions.

One user also wrote and urged the administration to bulldoze the property of the accused in the matter as a way to reprimand them.

Continue Reading

India News

Minor student dies in Bihar after getting allegedly beaten up over homework, accused absconding

As per the reports, one of Aditya’s friends has alleged that they found his body in a swollen state and even added that the beating spate continued for two days for reportedly not doing his homework.

Published

on

A harrowing story has come to light from Bihar where a 7-year-old boy, identified as Aditya Yadav, was found dead inside the hostel of his residential school. The victim’s friends have claimed that the boy was brutally beaten with a wooden stick for failing to complete his homework.

As per the reports, the incident transpired in Bihar’s Saharsa district where Aditya was studying. The victim was in the KG class in the residential school.

It was reported that the friend of the victim found the lying dead in the hostel. After they took the boy to Sujeet Kumar, the prime accused, he asked the students to leave the body at the hospital.

Subsequently, Kumar informed his parents that their child fainted inside the school but before the father could reach to see his son, he was declared dead.

As per the reports, one of Aditya’s friends has alleged that they found his body in a swollen state and even added that the beating spate continued for two days for reportedly not doing his homework.

However, the doctor that declared Aditya dead, said there were no injury marks on his body. He further said that the cause of the boy’s death can be determined only after the autopsy.

It was also reported that the prime accused, Sujeet Kumar is absconding and the father of the victim told the media that when he reached the private nursing home, his son had died and Sujeet Kumar wasn’t there.

The father also filed a complaint in which he alleged that his son was beaten to death. The father spoke to the media and claimed that they first took his son to a local doctor who referred him to a Saharsa. He further claimed that his son died during treatment.

The autopsy report of the victim is awaited and the police will act accordingly after that, said reports.

Continue Reading

India News

Samajwadi Party chief Akhilesh Yadav shares video of cop thrashing ice-cream vendor | WATCH

The vendor, in fear, can be seen continuing on as the unruly policeman returned back to the other side of the road. The video also shows several people complacently witnessing the assault by the policeman.

Published

on

Former CM and Samajwadi chief Akhilesh Yadav shared a video of a policeman thrashing an ice cream vendor. Yadav in his tweet questioned the state of UP as he questioned the UP administration for their brutality.

Samajwadi Chief in his tweet also wrote and took a dig at the BJP by questioning if this is what they meant when they said that UP has worked for ease of doing business.

In the video, a policeman can be seen intercepting an ice cream vendor who was returning to his home. After stopping the ice cream vendor, the policeman out of the blue slapped the vendor without saying anything twice.

The vendor, in fear, can be seen continuing on as the unruly policeman returned back to the other side of the road. The video also shows several people complacently witnessing the assault by the policeman.

Watch video here:

The Samajwadi Party leader has been actively sharing videos from Uttar Pradesh in a bid to slam the UP government over their alleged inadequacy to govern. Yadav has, of late, increased the staunch attack on the Yogi government ahead of the Lok Sabha Election due in 2024.

Twitter reactions

After the video went viral, many users came forward to add their take on the incident as one user wrote and said that everyone is a goon nowadays, implying that the state of UP has boiled down to rule of goons.

One user wrote and highlighted how the policeman beat up the vendor, but didn’t say a word to the people in the car. The user further questioned if the police only show authority to the poor and not the rich. The user also alleged the UP police of torturing, killing and bullying the poor.

One user also wrote and slammed the government for being high on power and further accused the government and administration of using bulldozers on the public which is condemnable.

Continue Reading

Trending

-->

© Copyright 2022 APNLIVE.com