Rupee hits historic low of 70: Opposition mocks Narendra Modi forward of Independence Day; re-plugs previous movies on Twitter
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 Indian #Rupee simply gave the Supreme Chief, a vote of NO confidence, crashing to a historic low. Hearken to the Supreme Chief’s grasp class on economics on this video, the place he explains why the Rupee is tanking. pic.twitter.com/E8O5u9kb23
— Rahul Gandhi (@RahulGandhi) August 14, 2018
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’:
No quantity of silencing voices, fudged statistics can cover the Govt’s complete failure and incompetence in dealing with the Financial system. The Rupee loudly tells that story! pic.twitter.com/TppjYCB8JD — CPI (M) (@cpimspeak) August 14, 2018
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:
As rupee touches 70, hearken to the golden phrases of Modiji. Phrases have been so low-cost again then. Time has confirmed that he’s solely match for shoot & scoot politics, not governance.#CongressIsWinning pic.twitter.com/dY6iXVm6L9
— Niranjan Patnaik (@NPatnaikOdisha) August 14, 2018
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”.
Oops! Or could also be I’m decoding it the mistaken method. “Like once we received freedom” can also imply in our first 12 months, it was ₹1=$1. Now at 71 years of Independence, we’re touching 70! We’re absolutely shifting in the direction of the promise! — Aaditya Thackeray (@AUThackeray) August 14, 2018
Thackeray additionally tweeted what he recalled as an earlier promise by the federal government to carry the rupee at par with the greenback
From what I keep in mind final, the promise was to carry the Rupee equal to the Greenback, prefer it was once we received our freedom, $1=₹1. No matter the worldwide and native conditions. Atleast that was the marketing campaign. Maybe we should realise that we’re going the opposite method?
— Aaditya Thackeray (@AUThackeray) August 14, 2018
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.
What Congress couldn’t for 60 years Modiji did in lower than 60 months : The Rupee has risen far past the 56inch chest ; it’s now 70 to the $ . A feat that can be remembered for years to come back ! Will Modiji rejoice this milestone? — Kapil Sibal (@KapilSibal) August 14, 2018
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:
You mocked Ex-PM Dr. MMS ji by evaluating the depreciating worth of ₹ to his age, which by no means occurred. – However now, ₹ is at a historic low of ₹70 to $1.
Kindly be aware, Rupee has now surpassed your age & additionally collective IQ of your whole Cupboard! https://t.co/w8SUnwcuX8
— Amit Chavda (@AmitChavdaINC) August 14, 2018
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’:
The #Rupee and the Modi authorities hit a document low, including to the farmer suicides, scarce job creation, and rampant unemployment that abound. When will the PM and his occasion take accountability for the deplorable state of the financial system that their insurance policies have created? https://t.co/P5xzyaMEOt — Jyotiraditya Scindia (@JM_Scindia) August 14, 2018
Sanjay Jha mentioned the rupee had turned septugenarian and the prime minister had put it below superannuation advantages:
The #Rupee turns into septuagenarian. Modi Ji has put the Indian rupee below superannuation advantages program.
— Sanjay Jha (@JhaSanjay) August 14, 2018
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:
Modiji lastly managed to do one thing that we could not do in 70 years. pic.twitter.com/jCFH79YrCQ
— Congress (@INCIndia) August 14, 2018
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.