June 28, 2026 12:55 pm (IST)

Make this your homepage

News

Fresh paper leak rocks India: Maharashtra TET postponed a day before exam, over 4 lakh aspirants affected | Pune fort murder case: Siya Goyal's brother says family would have called off marriage if she had objected | Donald Trump gets a road named after him in India, says 'Thank You!' | Fresh setback for Gautam Adani? US judge asks DoJ to justify dropping criminal charges | Ram Mandir Trust chief Champat Rai resigns as alleged donation siphoning row escalates | Ram Mandir fund row deepens: 8 arrested days after BJP called allegations 'false narrative' | 'Who tied the hands of CBI?': Calcutta HC on RG Kar case; victim's mother, now BJP MLA, says she is 'deeply disturbed' | Construction comes to a standstill at nearly 700 Kolkata projects after Taratala warehouse tragedy kills 15 | World Cup shocker! Ecuador stun Germany 2-1, storm into Round of 32 | Iran-US conflict: Cargo vessel hit near Strait of Hormuz, UN agency pauses evacuation operations

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

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

#RahulGandhi #PMModi #IndianEconomy #ManmohanSingh

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.