How is the gravitational force between two point masses affected when they are dipped in the water keeping the separation between them the same?

Hint: The gravitational constant is a universal constant.
Step: Find the gravitational force between the bodies when they are dipped in water.
The gravitational force acting between two point masses m1 and m2, F=Gm1m2r2, is independent of the nature of the medium between the bodies. Therefore, the gravitational force acting between two point masses will remain unaffected when they are dipped in water.