- Tag results for falling rupee
Jaitley said that external factors such as policies adopted by the US, trade war and crude oil prices were impacting economies like India, despite “strong fundamentals”.
Opposition parties put up show of unity, slam Modi government over falling rupee, rising fuel prices
Even as four parties, the SP, BSP and the Left parties, held separate protests, Congress managers claimed there was no rift in the Opposition camp.
Forex dealers said besides strong demand for the American currency, buying by importers, mainly oil refiners in view of surging crude oil prices and capital outflows, weighed on the domestic currency.
The silver lining is the depreciating Indian rupee, as many NRIs are mulling to invest in residential properties.
Congress chief spokesperson Randeep Surjewala said the 'Modinomics' has wreaked havoc on India's economy and left it in dire straits.