Rupee hits historic low of 70: Opposition mocks Narendra Modi ahead of Independence Day; re-plugs old videos on Twitter


The rupee has touched a brand new historic low hitting Rs 70 towards the US greenback. Whereas the federal government has blamed “exterior elements” for the rupee’s fall to an all-time low towards the US greenback and mentioned there may be nothing to fret, the Opposition has come all out with their opinions on Twitter.

File picture of Prime Minister Narendra Modi. AP

From pulling out movies of the prime minister speaking in regards to the rupee vis a vis greenback to the long-ago remark of his 56-inch chest throughout an election rally in 2014 to the rupee worth throughout the UPA below Manmohan Singh because the prime minister, the Opposition spared nothing whereas hitting out on the authorities for the rupee dropping to 70.

Listed below are just a few tweets that members from some events tweeted out as we speak:

Rahul Gandhi tweeted an previous video of Prime Minister Narendra Modi speaking in regards to the rupee and known as the speak ‘grasp class on economics’, which was retweeted by Sanjay Jha, the occasion’s nationwide spokesperson.

The CPI-M mentioned the rupee ‘loudly’ tells the story of ‘the federal government’s complete failure and incompetence in dealing with the financial system’:

Tweeting the identical video that Rahul Gandhi has tweeted, Niranjan Patnaik, President, Odisha Pradesh Congress Committee, and former Cupboard Minister mentioned, ‘hearken to golden phrases of Modiji’ and hashtagged his tweet CongressIsWinning:

Aaditya Thackeray, president of the Shiv Sena’s youth wing, Yuva Sena put out tongue-in-cheek feedback in two tweets on the rise of the rupee which he in comparison with 71 years of Independence tomorrow (15 August 2018), and mentioned “at 71 years of Independence, we’re touching 70”.

Thackeray additionally tweeted what he recalled as an earlier promise by the federal government to carry the rupee at par with the greenback

Kapil Sibal, former HRD minister, ‘congratulated’ the prime minister for doing what the Congress couldn’t for 60 years with regard to the rupee worth.

Amit Chavda mentioned the prime minister had ‘mocked’ former prime minister Manmohan Singh when the rupee depreciated. However now, he mentioned, the rupee was at a historic low:

Jyotiraditya Scindia, Congress MP, blamed the federal government for the state of affairs and requested when would the prime minister and his occasion take the accountability for what he termed because the’deplorable state of the financial system’:

Sanjay Jha mentioned the rupee had turned septugenarian and the prime minister had put it below superannuation advantages:

Ashok Gehlot, former chief minister of Rajasthan mentioned the prime minister’s management ‘has really landed the rupee in ICU’:

Divya Spandana, who handles the social media and digital communication for the Congress mentioned the prime minister had managed to do ‘one thing’ the Congres couldn’t with regard to the falling rupee:

Nevertheless, Financial Affairs Secretary Subhash Chander Garg mentioned exterior elements might ease going ahead.

“Rupee is depreciating as a result of exterior elements,” he mentioned. There may be “nothing at this stage to fret”.

The rupee hit an all-time low of 70.1 to a US greenback earlier as we speak on issues over Turkey’s financial woes.

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