Rupee slips to 73.77. It's not breaking, it's broken: RaGa
What's the story
As the rupee hit a record low of 73.77 against the US dollar, Congress President Rahul Gandhi today said the Indian currency isn't breaking but is "broken". "#Breaking: Rupee slips to 73.77. It's not breaking- it's Broken," Gandhi tweeted. The rupee collapsed to a fresh low today, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
Twitter Post
Here's what Rahul Gandhi said about the falling rupee
#Breaking: Rupee slips to 73.77
— Rahul Gandhi (@RahulGandhi) October 4, 2018
It's not breaking - it's Broken.#Rupee
Information
Gandhi slams Modi over his silence on rupee's falling value
Gandhi yesterday hit out at PM Narendra Modi questioning his silence over the falling value of rupee. He tweeted in Hindi that fuel prices are on the boil and there's an outcry in public and asked till when the PM will be on silent mode.
Twitter Post
Rahul Gandhi's rhyming attack on Modi
रुपया गया 73 पार
— Rahul Gandhi (@RahulGandhi) October 3, 2018
महँगाई मचाए हाहाकार
तेल-गैस में लगी है आग
बाजार में मची भागम-भाग
ओ 56 इंच सीने वाले
कब तक चलेगा ‘साइलेंट मोड’
कहाँ है ‘अच्छे दिन का कोड’?#RupeeAt73
The fall
Rupee opened lower, slipped to 73.77 against USD
Consistent dollar demand from importers following higher crude oil prices have kept the rupee under pressure. State-owned oil marketing companies have been allowed to raise $10 billion from the 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.
Quote
Fuel and gas prices are on fire, says Gandhi
"The rupee has crossed 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'," Gandhi tweeted and asked what happened to the promise of 'Achche Din'.