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'Rupee not breaking, it's broken'; Rahul Gandhi slams government over currency depreciation

Taking to Twitter, the Congress scion wrote; "Breaking: Rupee slips to 73.77. It's not breaking - it's Broken"

India TV News Desk Edited by: India TV News Desk New Delhi Updated on: October 04, 2018 13:17 IST
Gandhi's latest tirade against the government comes hours

Gandhi's latest tirade against the government comes hours after Rupee hit a record low of RS 73.77 against the US dollar. 

Congress President Rahul Gandhi on Thursday hit out at the government over the continuous weakening of currency. 

Taking to Twitter, the Congress scion wrote; "Breaking: Rupee slips to 73.77. It's not breaking - it's Broken".

Gandhi's latest tirade against the government comes hours after Rupee hit a record low of RS 73.77 against the US dollar. 

The Congress President also hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee.

He tweeted in Hindi that fuel and gas prices are on the boil and there is an outcry in the public and asked till when the prime minister will be on silent mode.

"The rupee has crossed the 73 mark and price rise is causing an outcry. Fuel and gas prices are on fire and markets are scurrying. Till when will the 56-inch chest be on 'silent mode'," he tweeted and asked what happened to the promise of 'achche din'.

Consistent dollar demand from importers, mainly oil refiners, following higher crude oil prices, have kept the rupee under pressure.

State-owned oil marketing companies have been allowed to raise USD 10 billion from overseas market to meet their working capital needs.

At the interbank foreign exchange, the rupee opened lower and slipped further to a fresh low of 73.77 a dollar against 73.34, a fall of 43 paise.

 

 

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