'This Time, the Rupee Crosses 100': Sanjay Raut Says Modi and Shah Are Busy Plotting 'Game' in Bengal

(Fast Mail):-- Political rhetoric regarding the Indian rupee's continuous depreciation has intensified. Targeting the Central Government, Sanjay Raut—a Member of Parliament from the Shiv Sena (Uddhav Thackeray faction)—stated that the rupee's weakness is a grave issue linked to the nation's prestige, yet the government is failing to pay it due attention.

Taking a jibe at the situation, he remarked that a scenario akin to the slogan "Abki Baar, 100 Ke Paar" (This time, crossing the 100 mark) appears to be unfolding; at such a juncture, the government ought to provide an explanation as to why the rupee's decline persists.

Sanjay Raut alleged, "Where is Modi-ji? He is in West Bengal, busy preparing to impose President's Rule in an effort to defeat Mamata Banerjee. Modi-ji and Shah-ji are attempting to play a 'game' (*khela*) in West Bengal, while the value of the rupee continues to plummet... Modi-ji himself once stated that when the value of the rupee falls, the nation's prestige falls along with it. So, what exactly is falling now?..."

He further added that in the past, whenever the rupee's value declined, the Prime Minister himself would assert that such a drop adversely affected the country's prestige. Now that the rupee is consistently weakening, why does the government remain silent on the matter? He raised the question: what exactly is the government's stance regarding the impact this is currently having on the nation's prestige, and what measures are being undertaken to strengthen the rupee?

Sanjay Raut also noted that the country's economy is grappling with numerous challenges, and the burden of inflation on the common citizen continues to mount. The rupee's weakness has a direct impact on the common people, as it renders imported goods more expensive and triggers price hikes within the domestic market as well. At such a critical juncture, the government should prioritize economic reforms over political maneuvering.

Related Business News

LPG Crisis Deepens Amid War; Opposition Targets Government Over Black Marketing

NEW DELHI: As the US-Israel-Iran conflict enters its fourth week, the deepening energy crisis is severely affecting households across the country, leading to a growing shortage of cooking gas. Complaints about LPG shortages and rising black marketing have intensified political confrontations an....

Gold prices surge again, silver becomes over Rs10,000 more expensive

BHUBANESWAR: On Wednesday, a sharp rise was seen in the prices of gold and silver. As a result, the price of 24-carat gold reached over ?1.46 lakh per 10 grams, while the price of silver crossed ?2.34 lakh per kg. According to the India Bullion Jewellers Association (IBJA), the price of 24-car....

Global Financial Markets: Sensex Plunges 1,836 Points, Investors Lose 13.65 Lakh Crore

Amid escalating tensions in West Asia, the Indian stock market closed with sharp declines on the first trading day of the week, Monday. The benchmark indices — Nifty50 and Sensex — fell more than 2 percent each, driven by the intensifying US-Iran conflict. At market close, the 30-s....

Gold becomes cheaper by more than ?11,000 in one week, silver prices also drop

(Fast Mail):-- Gold and silver price witnessed a significant decline this week, making gold and silver cheaper by more than ?11,000 and ?28,000 respectively. According to the India Bullion and Jewellers Association (IBJA), the price of gold fell by ?11,181 over the past week to ?1,47,218....

Stock Market Suffers Another Major Decline: Sensex Plunges 1,342 Points, Investors Lose ?3 Lakh Crore

Amid the ongoing conflict in West Asia, a sharp rise in crude oil prices once again led to a major decline in Indian stock markets on Wednesday, with the BSE Sensex falling 1,342 points and the NSE Nifty slipping below 24,000. This drop came after a single day of gains. Traders said that, in a....