Don’t miss the latest developments in business and finance.

Cong's barb at Modi on fall in Rupee value vis-a-vis US dollar

Image
Press Trust of India New Delhi
Last Updated : Dec 26 2014 | 10:30 PM IST
Taking potshots at the government over the decline in the value of Rupee vis-a-vis US dollar, Congress today reminded Prime Minister Narendra Modi of his "barb" made last year against then Prime Minister Manmohan Singh on the same issue.
"What happened to talks of strong nationalism, the blatant jingoism, the 56-inches chest... That is not enough. It's all showing up.. In the last six months, the value of Rupee has fallen now to Rs 63.57 per dollar.
"We had brought it at the level of Rs 58.5 per dollar. Can I ask the Prime Minister now whose age in the Union Council of Ministers, the Rupee is now chasing. Perhaps the questioner has the answer," party spokesperson Abhishek Singhvi told reporters.
In an election rally in Pune last year, Modi had launched a sharp attack on then Prime Minister Manmohan Singh over the downturn in the economy had remarked "when the country became independent, the Rupee was almost equivalent to the dollar.
"Now, the Rupee is falling and it looks as if it will reach the Finance Minister's age (in terms of value in relation to US dollar)".
Continuing its fall for the third straight session, the Rupee today declined by six paise to close at 63.57 against the greenback following sustained month-end dollar demand from importers and capital outflows.

Also Read

First Published: Dec 26 2014 | 10:30 PM IST

Next Story