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'Manage economy, not headlines': Rahul Gandhi to PM Modi over rupee fall Rahul Gandhi
Image credit: Rahul Gandhi Facebook

'Manage economy, not headlines': Rahul Gandhi to PM Modi over rupee fall

India Blooms News Service | @indiablooms | 09 May 2022, 10:32 pm

New Delhi/IBNS: Congress leader Rahul Gandhi on Monday slammed Prime Minister Narendra Modi over the largest single-day drop in the value of the rupee and asked him to 'focus on managing our economy, not media headlines.'

The rupee hit an all-time low on Monday, trading beyond 77.40 against the dollar.

The drop indicated a further slimming of the country's forex reserves, which stood at $597.728 billion on Friday after a $2.695 billion drop.

This was the eighth straight week of decline since Russia attacked Ukraine in February.

"Modi ji, you used to criticise Manmohan ji when ₹ fell. Now ₹ is at its lowest ever value. But I won't criticise you blindly. A falling ₹ is good for exports provided we support exporters with capital and help create jobs. Focus on managing our economy, not media headlines," he tweeted.

His party has already slammed what they called the rupee reaching the ICU (intensive Care Unit).

Tweeting a clip of PM Modi's remarks on the rupee when he was the Gujarat Chief Minister, the Congress tweeted: "Rupee hits ALL-TIME LOW, trading beyond 77.20 per dollar! As gloom & dismay engulfs the nation, former CM of Gujarat hits out strongly at the Prime Minister & his govt. Listen in:"