Politics
It looks like Prime Minister Modi decided to ensure that the Roupie reaches a century: Congress
“It was Mr. Modi who said that with the decline in the Roupie, the dignity of the Prime Minister and the grace of his office also fall. I wonder what Prime Minister Modi has to say now,” a- she said.
“Roupie is located today at 87 for a dollar, while (Modi) received a rupee at 58 for a dollar when he became Prime Minister. The Roupie dropped 29 compared to the dollar, this which represents a drop of 50 “. percent in the past 10 years. It seems that he decided to reach the century, “Shrinate told the press at the All India Congress Committee (AICC) office at 24, road from Akbar.
She asked the center if he had a plan to resuscitate the rupee and for how long the precious exchange reserves will be spent to control and strengthen the bridge.
“Today, the Roupie plays hide and seek with 87. It seems that the Roupie runs away and Prime Minister Modi Crie des Slogans from behind: 'This time, 60 paar, 65 paar, 75 paar, paar, paar, 75 paar, 80 Paar, “85 paar '…. Now we are going to do 87 paar too. Narendra Modi has decided that he would take care to reach a century of rupees, “said the head of the congress.” If Narendra Modi is questioned about the drop in the Roupie, he can attribute responsibility to (the first Prime Minister Jawaharlal ) Nehruji, “she said. Shrinate also shared a circular diagram, highlighting the percentage of drop in the value of the rupe during the terms of various prime ministers over the years.
She said that when the British left the country, the value of an American dollar was 3.31 rupees and that the rupee had dropped by 2 percent in 17 years under Nehru.
“There was no decrease in the value of the roupie under the government of Lal Bahadur Shastri. When Indira Gandhi became Prime Minister for the first time, his contribution to the fall in the Roupie was 5 percent. The rupee depreciated by 5 percent during the second mandate of Indiraji also. -He declared.
PV Narasimha Rao found the economy in poor condition and had to introduce major reforms in 1991. Under its reign, the rupee depreciated 17 percent, said Shrinate.
“Atalji passed the Roupie beyond 45 in six years and its total drop contribution is around 11 percent. Dr. Manmohan Singh obtained the roupie at 45 in 2004 and in 2007, he strengthened the RUPIE and brought it to 41.
“During the global financial crisis and the economic depression of 2008, Indian Roupie fell to only 48. In 2012, when Tap Tantrum occurred and the currencies of emerging markets began to fall, the rupee went from 58 to around 69. But in four months, the government of Congress brought back the rupee from 69 to 58, “she said.
The Congress presented the Roupie to Modi at 58.4, with which it tries to mark a century, said Shrinate.
“Modi has contributed 34 percent to the fall of the Roupie so far and during its 10-year term, the value of the roupie has dropped by 50 percent,” she added.
The chief of the congress also stressed that the exchange reserves reached their lowest level in 10 months, going from $ 704 billion on September 27, 2024 to $ 635 billion on January 10, 2025.
“We only ask four questions: does the Modi government realize the depreciation of the rupee? Does he have a plan to resuscitate the rupee?” She asked.
“For how long will we spend our precious exchange reserves to control and strengthen the roupire, which the Modi government is not able to do? He realizes once and for all that a declining roupe contributes To high inflation and has a project to bring a respite to ordinary people in this country? “” Asked Shrinate.
The roupine appreciated 18 pastures at 86.26 compared to the US dollar on Friday morning, supported by positive national actions and a low American monetary index. On Thursday, the Roupie fell to 9 pastures to stand at 86.44 compared to the US dollar.
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Sources 2/ https://m.economictimes.com/news/politics-and-nation/looks-like-pm-has-made-up-his-mind-to-make-rupee-hit-a-century-congress/articleshow/117518211.cms The mention sources can contact us to remove/changing this article |
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