Rare Rupees from 2014 to 2018, Government Quiet, Who Will Answer

The rupee has depreciated to a low of 67.33 in the last 15 months. In the last one month, the rupee has dropped by 2 rupees 29 paise against the dollar.

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New Delhi: There is an election on Saturday in Karnataka and all issues are being discussed in election meetings. Although an issue which is extremely important but the one who is not talking about is the issue of rupees. The rupee has depreciated to a low of 67.33 in the last 15 months. In the last one month, the rupee has dropped by 2 rupees 29 paise against the dollar.

In the year 2013, when Narendra Modi as the Chief Minister of Gujarat and then in the Leader of the Opposition in the Lok Sabha, Sushma Swaraj had strongly criticized the then Prime Minister Manmohan Singh for the fall of the rupee. Then the rupee was at 60 level and the fall was falling from the dollar. Then Modi had not forgotten to say that the collapse of the rupee is the downfall of the government. Now when the rupee is going to its lowest level in the Modi government, it has reached 68 rupees, then the government does not have any reasonable answer.

For your information, let's say that the all-time low of the rupee ie the lowest level also came in the time of Modi government in November 2016 and it had gone up to Rs 68.80 per dollar.

At present, the rupee is at 67 rupees 33 paise, the government is silent
today when the rupee has come down to 67 rupees 33 paise, then the whole government including PM, Finance Minister, Foreign Minister is silent. Now there is a government on the target of the opposition because the issue is not just about falling rupee. The issue is about the economic challenges that are standing in front of Modi's mission-2013.

The weakening of the rupee is the biggest crisis
now when the rising prices of petrol and diesel is the biggest crisis, the central government is not saying anything on this. However, the scary thing is that the experts are convinced that after the Karnataka elections the petrol will cross 90 rupees and the rupee will go up to 70 as the international situation is indicating this.

The skyrocketing prices of petrol and diesel will not reduce now as the prices of crude oil are increasing. The weak rupee does not seem to be strong because India can not reduce oil imports. Apart from this, the effect of US sanctions on Iran will be on oil production, which will strengthen the dollar, along with the Indian Rupee will become weaker.

Prices of petrol and diesel, rupee fall are creating a huge crisis for the country's economy and the government has been entangled in the election chaos of the states instead of paying attention to them. Prime Minister Narendra Modi alone is reported to have more than 15 rallies in Karnataka and many Union Ministers are participating in the campaigning of Karnataka.

This will come at the lower level of 15 months of
rupee loss . A huge decline in rupee is expected to increase inflation. Due to the increase in the cost of oil, fruit and vegetable and food items will be expensive, if the rupee weakens, then all the things like cars, computers and smartphones will be expensive - which are made from imported equipment.

Remember, in February 2015, Modi had given a statement, in which he had low prices of crude oil in the international market with his fortune. Now when the prices of petrol and diesel are on fire and the rupee is drifting down, it will be impossible for Modi and the ruling BJP to declare their good fortune for 2019.