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Rupee gave supreme leader a vote of no-confidence: Rahul targets PM Modi

The rupee on Tuesday plunged to an all-time low of 70.08 against the US dollar.

india Updated: Aug 14, 2018 20:07 IST
HT Correspondent
Rupee,Rahul Gandhi,Narendra Modi
Congress president Rahul Gandhi mocked PM Modi after the rupee plunged to an all-time low of over 70 against the US dollar.(PTI)

Congress president Rahul Gandhi mocked Prime Minister Narendra Modi over the rupee’s deprecating value on Tuesday, saying the Indian currency has given “the supreme leader a vote of no-confidence”.

The rupee on Tuesday plunged to an all-time low of 70.08 against the US dollar.

“The Indian Rupee just gave the Supreme leader, a vote of No-confidence, crashing to a historic low. Listen to the Supreme Leader’s master class on economics in this video, where he explains why the rupee is tanking,” Gandhi said on Twitter, attaching a video of Modi in which he is mocking the former UPA government over rupee devaluation.

In the video, recalling a speech he had made about five years ago, Modi, as chief minister of Gujarat, says the way in which US dollar was getting strengthened, the rupee was getting weaker.

“In the international trade market, India won’t be able to stand. Our businessmen who export and import goods won’t be able to sustain this. Even the government cannot stand against it.

“And the government in Delhi is not responding. The country wants to know Prime Minister ji, what is the reason that only the Indian rupee is falling against the dollar. I have always demanded and said that this has not happened due to economic factors but it has happened due to the corrupt politics that has started from Delhi,” Modi had said.

Attacking Modi, who had accused the Congress of “70-year misrule”, several Congress leaders posed questions as to who was responsible for the current fall. “Modi ji finally managed to do something that we couldn’t do in 70 years,” the Congress tweeted after the rupee’s fall.

First Published: Aug 14, 2018 20:07 IST