Picture : Twitter / ANI
Senior Congress Leader Shashi Tharoor has slammed the Modi government after the rupee hits an all- time low against the dollar. Speaking to reporters outside parliament, Tharoor was quoted by ANI as saying, Rupee has crossed Rs 80. Modi Ji is the one who made it an election issue in 2014…He was going to strengthen the rupee when he came because it shows a weak govt, therefore a weak rupee… but then what is the strong govt giving us? Even a weaker rupee.
Elaborating further , Tharoor told ANI, When Modi Ji came to power rupee was 50 something, now it’s 80. Where is the question of responsibility? Everything you import is costing more because rupee has gone down, fuel prices up, price rise is high and imposition of GST is an extra burden on the common man.
Earlier, the rupee depreciated 7 paise to an all-time low of 80.05 against the US dollar in early trade on Tuesday tracking the strength of the American currency and firm crude oil prices.
At the interbank foreign exchange, the rupee opened at 80 against the American dollar, then lost ground to quote at 80.05, registering a fall of 7 paise from the last close.
In initial trade, the local unit also touched 79.90 against the American currency.
On Monday, the rupee for the first time declined to the low level of 80 against the US dollar in intra-day spot trading before ending the session 16 paise lower at 79.98 amid a surge in crude oil prices and unrelenting foreign fund outflows.
