Congress- Rupee 92.6- Modi-ji jawab do

Earlier Congress asked PM Modi- USD breaches Rs 92, Modi-ji jawab do

@SupriyaShrinate

The Indian Rupee has breached 92 against the US Dollar ▪️This is particularly concerning because the US Dollar has been significantly weakening against most major currencies. So, while other currencies have gained, the Rupee has continued to fall – becoming Asia’s weakest currency ▪️The economic fault lines in India have put pressure on the Rupee: • Continuous foreign portfolio investor (FPI) outflows, Total ₹35,989 crore about $3.9 billion in January alone • • Weak exports • High hedging by importers • Widening current account deficit ▪️Risks of further depreciation for the Rupee remain high which will not just drain our forex reserves but could also fuel inflation higher 👉There is need for urgent policy action but the Modi govt chooses to remain blissfully ignorant

Leave a Reply

Your email address will not be published. Required fields are marked *