July 04, 2025 10:08 pm (IST)

Make this your homepage

News

Vijay named as TVK's CM face for upcoming Tamil Nadu polls | India says only Dalai Lama can decide his successor, China responds with warning | Pakistan had 30-45 seconds to respond: Shehbaz Sharif's aide on India's BrahMos attack during Op. Sindoor | Calcutta HC orders closure of all Bengal college union rooms until fresh elections in wake of Kolkata rape case | ‘We will cross that bridge when we come to it’: Jaishankar’s response on US bill proposing 500% tariffs | 'We slapped because of his attitude': MNS worker justifies assault on shopkeeper for not speaking Marathi | 'Marathi will have to be spoken in Maharashtra': State minister after MNS workers' assault on shopkeeper | PM Modi conferred with 'The Officer of the Order of the Star of Ghana' | Three Indian nationals abducted in Al-Qaeda-linked group's attack in Mali, MEA expresses 'deep concern' | Pune woman raped by man posing as delivery boy, police probe on

Rahul Gandhi

Image credit: Rahul Gandhi Facebook

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

India Blooms News Service | @indiablooms | May 10, 2022, at 04:02 am

#RahulGandhi #PMModi #IndianEconomy #ManmohanSingh

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.

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.
— Rahul Gandhi (@RahulGandhi) May 9, 2022

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:"

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: pic.twitter.com/5hJQJ4pSao
— Congress (@INCIndia) May 9, 2022

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.