# How a Stronger Dollar Affects Fuel, Food Oil and Phones in India - Original post: https://www.twitter.com/i/status/2120706050898927681 - Source account: [@Dhruvrathenx](https://x.com/Dhruvrathenx) - Source language: Hindi - Target language: English - Duration: 2:38 - Published: 2026-11-12 - Machine translated. Check the original before quoting. - Canonical URL: https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india - Original-language version: https://www.translate.mom/transcript/e0nGAAn61Kuw/hi/%E0%A4%A1%E0%A5%89%E0%A4%B2%E0%A4%B0-%E0%A4%AE%E0%A4%B9%E0%A4%82%E0%A4%97%E0%A4%BE-%E0%A4%B9%E0%A5%8B%E0%A4%A8%E0%A5%87-%E0%A4%95%E0%A4%BE-%E0%A4%AD%E0%A4%BE%E0%A4%B0%E0%A4%A4-%E0%A4%AE%E0%A5%87%E0%A4%82-%E0%A4%AA%E0%A5%87%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A5%8B%E0%A4%B2-%E0%A4%96%E0%A4%BE%E0%A4%A8%E0%A5%87-%E0%A4%95%E0%A5%87-%E0%A4%A4%E0%A5%87%E0%A4%B2-%E0%A4%94%E0%A4%B0-%E0%A4%AE%E0%A5%8B%E0%A4%AC%E0%A4%BE%E0%A4%87%E0%A4%B2-%E0%A4%AA%E0%A4%B0-%E0%A4%85%E0%A4%B8%E0%A4%B0.md ## Transcript [0:00](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india) The dollar is now worth about 96 rupees. [0:02](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=2) It was around 90 this January. Now, some of you might think, So how does this affect me? [0:08](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=8) When am I ever going to America? If you think the same way, then look at your kitchen, petrol pump, and mobile phone. [0:13](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=13) This reel is for you, because the dollar is connected to all three. [0:16](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=16) And there’s also a group of people for whom this is good news. [0:19](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=19) In 2025–26, India bought 88.7% of its crude oil requirements from abroad. [0:25](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=25) That’s a record, and this oil is bought in dollars. [0:29](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=29) Say a barrel of crude oil costs 100 dollars. [0:31](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=31) Now, if a dollar is worth 90 rupees, that comes to 9,000 rupees. [0:34](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=34) But if the dollar rises to 96 rupees, that same barrel will cost 9,600 rupees. [0:39](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=39) Even if oil prices don’t rise worldwide, the Indian importer’s expenses have still gone up by 600 rupees per barrel. [0:45](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=45) This directly raises petrol and diesel prices. [0:47](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=47) And when diesel prices rise, the truck hauling vegetables from farm to market to shop, charges more for freight, too. [0:54](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=54) Second, look in your kitchen. It’s not just car fuel. [0:56](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=56) India also imports a large amount of cooking oil. [0:59](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=59) In 2023–24, around 56% of our needs were met through imports. [1:04](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=64) So whether it’s palm oil or sunflower oil, even if their international prices stay the same, the weak rupee still means their import costs go up. [1:12](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=72) Interestingly, this also affects your Made in India mobile phone. [1:16](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=76) About 99% of phones sold in India are assembled right here in India. [1:20](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=80) The box proudly says, “Made in India.” But according to the government’s own Electronics and IT Secretary, only around 22 to 23% of the phone’s total value This is where India comes in. [1:30](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=90) That means most things, like chips and memory, that are used to make the phone, come from outside India. [1:36](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=96) So the label says “Made in India,” but most of the bill is paid in dollars. [1:41](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=101) That’s why, in the first six months of 2026, phones became 16% more expensive on average. [1:47](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=107) Even without going to America, you still take quite a hit when the rupee weakens. [1:51](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=111) But now this same thing works in reverse for people who send money home from abroad. [1:55](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=115) In January, 100 dollars were worth about 9,000 rupees. [1:58](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=118) Today, they’re worth about 9,600. So, for the same dollars, families can get more rupees. [2:03](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=123) If you live in the US, Canada, the UK, or Europe and send money to your family in India, look beyond just fees, you must also check exchange rates. [2:10](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=130) Here on TapTap Send, you get incredible exchange rates and your money reaches your family quickly. [2:16](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=136) Open the app, enter the amount, and send money directly to their bank account or UPI. [2:21](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=141) If you're using this app for the first time to send money, use code DR20. [2:25](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=145) When you send 100 or more American or Canadian dollars, you'll get a 20 American or Canadian dollar bonus. [2:31](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=151) When you send 100 or more British pounds or euros, you'll get a 10-pound or 10-euro bonus. [2:35](https://www.translate.mom/transcript/e0nGAAn61Kuw/en/how-a-stronger-dollar-affects-fuel-food-oil-and-phones-in-india?t=155) You can find the link in the bio.