By Admin 
Iran-Israel War: Ever since Israel and America started the war in Iran, there has been a tremendous increase in the salaries of Indians living in America. Now they are getting more salary than before. After all, what is the reason for this? The answer to this is the record breaking fall in the rupee against the dollar in the month of March.
When the war in Iran started on February 28, the price of one dollar was equal to 83-85 rupees. As the war dragged on, the rupee also continued to slip. Now the situation is such that the rupee has reached its lowest level of 95.22 against the dollar.
dollar is getting stronger
Dollar also comes in the category of safe haven or safe investment, hence in this environment of global uncertainty, foreign investors are withdrawing money from the Indian stock market and investing it in US dollars. Since the start of the war, $3 billion has been withdrawn from the Indian stock market. On one hand the demand for dollar is increasing and it is becoming stronger. On the other hand the rupee is falling. Now when the dollar will become stronger, the value of the salary received in it will also increase in Indian currency.
Understand salary mathematics like this
Suppose an Indian software engineer living in America earns $8000 a month. At the beginning of the war, when the value of the dollar was equal to Rs 84, his salary would have been Rs 672,000 in Indian currency. Now when the dollar is trading at the level of 95, his same salary in Indian currency will be Rs 760,000. That means he got a direct profit of Rs 88000.
NRIs are taking advantage like this
Due to the fall of the rupee against the dollar, Indian expatriates living in America are sending more and more money to India to take advantage of the increased value of salaries in the Indian currency. People are either repaying their outstanding loans or increasing investment in real estate.
According to the data of March 2026, there has been a 12 percent increase in remittances coming to India. Earlier this year, Donald Trump’s government in America had imposed a tax of 1 percent on remittances, but now to take advantage of the dollar reaching the level of 95 against the rupee, people are paying this tax and sending money to India.
Also read:
RBI’s efforts did not work, biggest fall in rupee in 14 years for the first time; What is the reason after all