The Congress on Monday hit out on the Narendra Modi authorities after the rupee hit its all-time low in opposition to the greenback. Party Spokesperson Supriya Shrinet stated that within the final 8 years, PM Modi has not solely made his credit score price two pennies but additionally his cash by his gimmicks and exploits. Shrinet stated that for the primary time in historical past, the rupee has crossed 81 in opposition to a greenback. He stated that it appears like Modi ji is determined to attain a century right here as properly.
Taking a dig at Prime Minister Narendra Modi, he stated, “Modi ji, you used to say that if the rupee falls, the government’s credibility falls, now you tell how much credibility will fall?” The Congress spokesperson stated, “With the immense compassion of Modi ji The rupee has grow to be the weakest in historical past, depreciating constantly – and those that used to speak about falling credibility, have no idea by which pit they’re diving, they don’t seem to be capable of finding it now.
Supriya Shrinet additionally put some figures in regards to the rupee in entrance of the media. He instructed that precisely a yr in the past, in September 2021, the worth of rupee was 73 in opposition to 1 greenback, which has now grow to be 81.47. Shrinet taunted that this implies the Prime Minister’s eyebrows have fallen by greater than 12% in 12 months.
Supriya Shrinet additional stated that, on May 26, 2014, when Modi ji took oath because the Prime Minister for the primary time, the worth of Rupee was 58.62 in opposition to 1 greenback. Whereas now it has crossed 81. That means the worth of rupee has fallen by 41.5% through the eight years of PM Modi’s tenure.
Referring to the tenure of the Manmohan Singh authorities, the Congress spokesperson stated that, BJP leaders used to create lots of ruckus when the rupee fell, however now the speech has stopped. He stated that through the time of UPA-2, in June 2013, the rupee had fallen 15% from 58 to 69 in opposition to 1 greenback, however inside 4 months the rupee was strengthened and introduced again to 58.
The Congress spokesperson stated that the weakening of the rupee has an impact on most people and on account of this, inflation additionally will increase. He alleged that the Modi authorities has didn’t stabilize the rupee regardless of shedding cash like water. On the similar time, the Congress additionally attacked the Modi authorities concerning the overseas change reserves. The Congress spokesperson stated that India’s overseas change reserves have been $ 642 billion in September 2021 precisely a yr in the past, now it’s $ 545.65 billion. Only a month in the past, the nation’s overseas change reserves have been $ 571 billion, which has now come all the way down to $ 545 billion. He stated that there’s a lot of debate on the depreciation of the rupee in 2013 in protection of the rupee falling in direction of 82 and the failures of the federal government, however the truth is that in 2013 the worldwide causes have been even worse – after which the Congress authorities by strengthening the rupee. He had breathed it. However the Modi authorities has fully didn’t cease the rupee from falling.
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