“Statements won’t work”, Mallikarjun Kharge taunts the Center and Finance Minister amid record fall in rupee
Senior Congress leader Mallikarjun Kharge has targeted the central government for the continuous fall of the Indian rupee against the US dollar. On Wednesday itself, Kharge, who was elected the new president of the Congress party, tweeted, “Rupee again at record low against dollar, crossed 83. Falling rupee can prove to be very dangerous for our economy. Finance minister said that rupee The dollar is not weakening, the dollar is getting stronger. Mere statements will not work, the central government will have to take concrete steps soon.”
डॉलर के मुकाबले फिर रुपया रिकॉर्ड निचले स्तर पर, 83 पार पहुँचा।गिरता रुपया हमारी इकॉनमी के लिये काफी खतरनाक साबित हो सकता हैं।
वित्त मंत्री ने कहा कि रुपया कमज़ोर नहीं हो रहा, डॉलर मज़बूत हो रहा है।सिर्फ बयानों से काम नहीं चलेगा, केंद्र सरकार को जल्द ही ठोस कदम उठाने होंगे।
— Mallikarjun Kharge (@kharge) October 20, 2022
In his tweet, Kharge also took a dig at Finance Minister Nirmala Sitharaman and said that now statements will not work. Significantly, the Finance Minister had said on October 16 that the rupee has outperformed other emerging market currencies. The minister’s remarks came days after the rupee fell to the level of 82.69. Talking about the decline of the Indian currency, Sitharaman had said that it was due to the strengthening of the dollar. She said that the rupee is not weakening. “I will not see it as a fall in the rupee, but as a continuous strengthening of the dollar,” the Finance Minister said in a press conference during her US visit.
Let us tell you that the Indian Rupee is constantly going towards the abyss at this time. On Thursday, the rupee reached 83.08 against the US dollar, which is the lowest level ever. On Wednesday itself, it had reached a new record low of Rs 82 95 paise. According to the archive of the Reserve Bank of India (RBI) on the day PM Narendra Modi was sworn in for the first time, that is, on May 26, 2014, the rupee closed at 58.58 against the US dollar, and today i.e. October 20. During the trading on 2022, the rupee reached the level of 83.12, which is 41.89 percent higher. This fall in the rupee in the last eight years is historic, and it has crossed the level of Rs 83 with a fall of about 42 percent during the Modi era.
