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    Tuesday, August 14, 2018

    #RupeeCrash : Modi Ji did what we could not do in 70 years- Congress

    New Delhi, India: One dollar rose to Rs. 70 on Tuesday. The rupee touched the lowest level of 70.09 during the business. However, the opening up of the rupee against the dollar was 0.2% higher at 69.78. But, in a short time it came down and it went past 70 for the first time. However, the closing of the rupee was 3 paise stronger at the 69.90 against Monday. It was closed on Monday at the lower level of 69.93 on Monday. Economic Affairs Secretary Subhash Chandra Garg said, "There is no need to panic. The decline in rupee has come from external reasons." On the decline of the Rupee against Dollar, the Congress said, "Modiji did what we could not do in 70 years."

    Reason for weakness in rupee: Turkey's economic crisis may have the effect on the financial condition of other countries. This fear of a steady decline in rupee for the second consecutive day. It was broken by Rs 1.10 on Monday. This is the biggest drop off one day in 5 years. Earlier, in August 2013, the rupee weakened 148 paise a day. According to analysts, due to the trade war, all Asian countries including India have had negative effects on the currencies.

    Politics on the decline in rupee: Congress tweeted, "Modi Ji did what we could not do in 70 years." Congress spokesman Randeep Singh Surjewala also posted a tweet on July 24, 2012. At that time, Modi had said, "There is a compaction in the UPA and rupee, which seems to fall more."

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