Petrol Price: –
As we are aware that petrol price are deregulated by government, as most of petroleum products are imported, oil companies will decide price of petrol based on value of dollar. If dollar value increased these companies has to pay more to import oil/petroleum products, these companies obviously pass on this loss to consumer by means of raising petrol price.
As petrol price rise local transport become costlier not only that as things/goods are not produced and sold at same place it also need transportation. Hence overall price of everything which needs transportation increases.(It causes Inflation)
Gold is not domestic product gold is imported from other countries in form of gold bullion or gold jewelry. As and when dollar value increases gold price also start rising. As one has to pay more money in terms of rupee to import gold
Cost of an airline ticket will cost you more as price of oil product increases. So if you’re planning to take a vacation or foreign trip, the impact on your personal finances is clear. If airfares rise, you might be forced to not buy that ticket, or find other ways to reduce your vacation expenses by making other travel arrangements or reducing the length of your trip, selecting cheaper accommodations, or spending less on food or other purchases.
Imports to India are chemicals, dyes, plastics, pharmaceuticals, iron and steel, uncut precious stones, fertilizers, pulp paper, other capital goods items, luxurious items etc.
As value of dollar increase one has to pay more in local currency.
Rise/Fall in dollar value always affects economy of country and us. Rise in dollar price some what causes inflation which affect our financial planning.