Indian currency is not breaking, is broken: Rahul

Vastavam web: As the Rupee hit a record low of Rs 73.77 against the US dollar, Congress President Rahul Gandhi Thursday said the Indian currency is not breaking, but is “broken”. The rupee collapsed to a fresh low of 73.77 against the US dollar Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.

“Breaking: Rupee slips to 73.77. It’s not breaking – it’s Broken,” Gandhi said on Twitter. Gandhi Wednesday hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee. He tweeted in Hindi that fuel and gas prices are on the boil and there is an outcry in the public and asked till when the prime minister will be on silent mode.

“The rupee has crossed the 73 mark and price rise is causing an outcry. Fuel and gas prices are on fire and markets are scurrying. Till when will the 56-inch chest be on ‘silent mode’,” he tweeted and asked what happened to the promise of ‘achche din’. State-owned oil marketing companies have been allowed to raise USD 10 billion from overseas market to meet their working capital needs.