The USA is a developed country and many people from India went and settled there and earned there. When the inflation is more in that country all the citizens there has to spend more money for their living and hence they can't have more money to invest or save in India. This will also have an impact on the financial position of the country.
COVID 19 is having its impact on almost all the nations in the world on their financial status and the purchasing capacity of people is coming down due to unemployment and a decrease in their income levels. Slowly the world is coming out of this situation and hope we will have control over this inflation rate.