
Only request to PM Modi is to stop Rupee from scoring century: Congress
The Hindu
Congress Spokesperson Supriya Shrinate said for the first time in history, the rupee is racing fast towards 82 against the dollar
The Congress on Tuesday attacked the Centre over the depreciating value of the rupee against the dollar and said the only request to Prime Minister Narendra Modi is to stop the rupee from scoring a century.
The rupee appreciated 37 paise to 81.30 against the US dollar in early trade on Tuesday while consolidating in a narrow range and settling 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday.
Addressing a press conference at the party headquarters here, Congress Spokesperson Supriya Shrinate said for the first time in history, the rupee is racing fast towards 82 against the dollar.
"With Modi Ji's blessings, the rupee has become the weakest in history and he who claimed (before coming to power) the fall in the value of rupee is directly linked to falling in Prime Minister's credibility must realise his own credibility is in a bottomless pit," Shrinate said.
Exactly a year ago, in September 2021, the value of the rupee was 73 against USD 1, which has now increased to 81.63. Simply put, the Prime Minister's reputation has fallen by more than 12 per cent in 12 months, she claimed.
"On May 26, 2014, when Modi Ji took oath as Prime Minister for the first time, the value of rupee against USD 1 was 58.62 - which means the value of the rupee has crashed by 41.5 per cent during Modi Ji's tenure," she said.
India's foreign exchange reserves, which were at USD 642 billion in September 2021, now stand at USD 545.65 billion, Shrinate said.