The continuous decline of Rupee against Dollar has now become a big economic story. Recently Rupee reached all-time low of ₹92 per dollar, and FPI selling is a big reason behind this. When foreign investors withdraw money from the Indian stock market, the demand for dollar increases and the rupee weakens. During global uncertainty, the dollar is considered a safe asset, which further increases its strength. This directly impacts middle class families. Imported goods like petrol-diesel, LPG, mobile, laptop and electronics become expensive. One has to spend more on foreign education, travel and overseas remittance. However, IT, textile and export-oriented sectors benefit from the weak rupee, thereby supporting jobs and earnings. Therefore Rupee-Dollar movement is not just market news, but a real story related to your daily life and pocket.

President Donald Trump has reacted sharply to BRICS countries and said that America can now impose import duties (tariffs) on these countries. He said that the real objective of BRICS is to weaken the power of the dollar. In a meeting with Argentinian President Javier Mellí at the White House, Trump made it clear that America will not allow the power of the dollar to bow before any international alliance. He said, “Whoever wants to stay in the BRICS group can stay, but America will impose tariffs on them because this group is against the dollar.”

took a jibe at China

Trump accused China of recently deciding to buy soybeans from Argentina instead of the US, weakening relations between Washington and Buenos Aires. He said, “China always tries to create a rift, but it will be of no use.” On his social media platform Truth Social, Trump wrote that China deliberately took this step to harm American soybean farmers. He said that America is now considering reducing dependence on China in cooking oil and other products. Let us tell you that Trump had recently imposed additional 100% duty on China, after which the relations between the two countries have become worse than before.

Increasing tension in US-China relations

In Trump’s second term, relations between America and China have become more tense than before. Differences between the two countries are continuously increasing due to trade war, technology competition and wars in Ukraine and the Middle East. China has recently banned the export of rare earth mineral technology, which has further soured US-China relations.

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