Why does the US Dollar matter so much to India?

In India, there is one currency that is the centre of all conversation, that we talk about with great excitement — and in fact, it even affects our day-to-day life. But strangely, this is not our rupee.

It’s the U.S. Dollar.

The U.S. Dollar has great power. Whenever the value of the rupee falls against or when compared to the dollar, it always makes headlines. There is a lot of panic. We all know this happens.

But why, exactly? What is it about the US Dollar and the exchange rate that causes ripples in our country and its economy?

Podcast by Dhruv Rathee

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