Impact of Russia Ukraine War on Exchange Rate in India

Russia Ukraine war has led to supply chain shock globally. The Indian political establishment had a tough time balancing the Russia and West. The paper explores the impact of Russia Ukraine war on Indian Rupee US Dollar exchange rate. Secondary data is used for the study. Rupee exchange rate of 120 days before and after the start of Russian Ukraine war is considered for the study. Data is analysed using t test. It was found that war has adversely impacted Indian Rupee exchange rate. The import dependency on crucial items of energy, food and defence equipment’s had restricted country’s capability to safeguard its currency and livelihood of citizens. India needs to tap the demographic advantage to strengthen its currency and self-sufficiency of energy, ammunition, food security