Congress takes swipe at PM Modi over Rupee's 'freefall'

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Jairam Ramesh. File

Jairam Ramesh. File | Photo Credit: The Hindu

The Congress connected Monday (November 24, 2025) took a jibe astatine Prime Minister Narendra Modi implicit the Rupee's "freefall" successful narration to the dollar and recalled his 2013 remarks arsenic past Gujarat Chief Minister successful which helium had mocked the United Progressive Alliance (UPA) dispensation.

The Rupee opened astatine 89.46 against the U.S. dollar earlier rising to 89.17, up 49 paise from its erstwhile close.

The Rupee had plunged 98 paise to adjacent astatine its lifetime debased of 89.66 against the U.S. dollar connected Friday (November 21, 2025), owing to a immense request for the greenback successful the home forex marketplace amid wide selling unit successful section and planetary equities and trade-related uncertainties.

Taking a swipe astatine the government, Congress wide caput in-charge communications Jairam Ramesh said connected X, "The Rupee continues its escaped autumn successful narration to the dollar. It is present astir to breach the 90 Rupees to the USD low." Does the PM callback what helium himself had said successful July 2013, the Congress person asked and shared the video from the time.

“Look astatine however accelerated Rupee is falling. Sometimes it seems determination is simply a contention going connected betwixt the Rupee and the authorities successful Delhi, whose dignity goes down faster,” PM Modi, the past Gujarat CM, had said.

In the steepest autumn successful implicit 3 years, the home currency nosedived 98 paise to yet settee astatine 89.66 against the American currency connected Friday (November 24, 2025). The erstwhile biggest one-day autumn was recorded astatine 99 paise against the dollar connected February 24, 2022.

Published - November 24, 2025 11:51 americium IST

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