Indian Economy: Answering a question in the Lok Sabha on India’s currency devaluation, Union Finance Minister Nirmala Sitharaman on Monday said that “some people in Parliament Jealous of the country’s growing economy”. He said that India is the fastest growing economy but the opposition has a problem with it. Everyone should be proud of India’s development but some people take it as a joke.

Sitharaman was answering the question of Congress MP Anumula Revanth Reddy Sitharaman was replying to a question by Congress MP Anumula Revanth Reddy, who asked whether the government has taken note of the fact that the Indian currency is “weakening day by day and for the first time 64 rupee per US dollar” and Asked for details of action taken to stop the slide. Reddy targeted the UPA government led by Manmohan Singh, the then Chief Minister of Gujarat, Narendra Modi, who is now the Prime Minister. took a jibe at the central government citing a statement.

Modi in 2022 Had tweeted Be aware that in October 2022 Modi attacked the then Union Finance Minister P Chidambaram. Indirectly sarcasm tweeted, “Today Rupee is in ICU. I don’t know why the Tamil people sent this person to Delhi.” Responding to this tweet, he said whether there is an action plan to ensure that the rupee “returns home from ICU”. To this, Sitharaman replied that the Indian rupee has been stronger than every other currency. The Reserve Bank has used foreign exchange reserves that it has to intervene in the market to ensure that dollar-rupee volatility does not become too high.

How is business on Monday? Rupee against US dollar in early trade on Monday By reducing the money 83.63 as heavy selling pressure in domestic equities and a stronger greenback in the overseas market weighed on investor sentiment. In interbank foreign exchange, the domestic unit against the dollar .46 But opened weak, then compared to the previous close 35 Registering the fall of money .79 registered further decline.

Nirmala SitaramanPublished Date

Mon, Dec 12, 2022, 1: 48 PM IST