New Delhi, First Published Jul 15, 2022, 11:38 AM IST
The Congress party has taunted the Center that the value of the Indian rupee against the US dollar has passed the age of Markadharshak Mandal.
The value of the Indian Rupee has been under severe pressure since the last two Februarys. After the Russia-Ukraine war, the rupee has been depreciating badly due to rising crude oil prices, foreign investors exiting the stock market and strengthening of the dollar.
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The Indian Rupee closed close to Rs 80 to close at Rs 79.99 yesterday. However, it did not touch 80 rupees. The rupee has been depreciating rapidly for the past two weeks.
The Congress party has compared the depreciation of the rupee to the age of the BJP’s Markadarshak Mandal team. In BJP, leaders above 75 years of age will be included in the Markadarshak Mandal group. Congress party and Congress MP Rahul Gandhi have teased by mentioning this.
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Congress MP In a comment posted on Twitter by Rahul Gandhi, he said, “Refreshment when rupee is 40, trouble for India when it becomes 50, ICU when it falls to 70, Amritkal when it falls to 80.” Amritkal is 25 years after 75 years of independence.
Congress General Secretary Randeep Surjewala said, “The value of the Indian rupee has now crossed the Markadarshak Mandal age group. How long to wait for further fall. The more the central government’s credibility is going to decrease. Super Modiji said. He also posted the hashtag #FallingRupeeDestroyingEconomy.
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June’s retail inflation, headline inflation is yet to come under control. Retail inflation eased to 7.1 per cent, but fell short of RBI’s 6 per cent target. Headline inflation has been in double digits for 15 consecutive months. The fall in crude oil prices over the past few days has kept the rupee from depreciating badly.
Last Updated Jul 15, 2022, 11:52 AM IST