Congress criticizes Modi over rupee's 50% drop vs. dollar, demands plan to strengthen currency.
The Congress party in India has criticized Prime Minister Narendra Modi over the rupee's significant depreciation against the US dollar, demanding a plan to strengthen the currency. Since Modi took office in 2014, the rupee has fallen by about 50%, despite the Reserve Bank of India spending over $80 billion to control the decline. Congress questions the government's understanding of the impact and their strategy to revive the rupee. The Bharatiya Janata Party has not yet responded to the allegations.
2 months ago
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