ANI
04 Dec 2025, 12:30 GMT+10
New Delhi [India], December 4 (ANI): Questioning the ruling BJP's stance on the Indian Rupee depreciating against the US Dollar, which recently crossed the 90-mark, Congress leader Priyanka Gandhi Vadra on Thursday asked what their take is on the Dollar's value, which was high during the Manmohan Singh government.
Speaking to the reporters, Priyanka Gandhi Vadra asked, 'What did they use to say when Dollar's value was high (against Rupee) during Manmohan Singh government? What is their response today? Ask them. Why are you asking me?'
The Congress leader's comments come amid concerns that the Indian Rupee has been among the poorest-performing Asian currencies in 2025, falling by about 4-5 per cent. However, experts have highlighted some sectors that could benefit from the plunging Rupee.
Earlier today, Congress MP Manish Tewari recalled the time the BJP mocked the United Progressive Alliance (UPA) regime over the falling rupee, and noted that the current rate has far exceeded even the age of Prime Minister Narendra Modi.
Tewari said that during the time of the UPA leadership, the BJP had mocked the government for the falling rate, with BJP spokesperson Ravi Shankar Prasad saying in 2013, 'The worth of the Indian rupee against the dollar was equivalent to Rahul Gandhi's age when the United Progressive Alliance (UPA) came to power. Today it is equal to Sonia Gandhi's age, and very soon it will touch Manmohan Singh's age.'
Recalling the more than a decade-old statement, Tewari asked the BJP, 'Today the Rupee is at 90.19 to the USD Whose age is equal to? On 10 July 2013, this is what the Chief Spokesperson of the BJP said about the value of the Rupee,' Tewari said in a post on X.
Meanwhile, Sunny Agrawal, Head, Fundamental Research at SBI Securities, said export-dependent sectors like Shrimp, Textile, IT, Pharma, Engineering, Metals, and Auto can benefit from the falling Rupee. However, import-dependent sectors such as FMCG, Plastic polymers, Oil and Gas are expected to face cost pressure, he added.
Anindya Banerjee, Head Commodity and Currency, Kotak Securities, said the steady importer demand, particularly from sectors like Oil, Metals, and Electronics, continues to absorb available dollar liquidity.
On Thursday morning, the Indian rupee exchange rate stands at 90.33 against the US Dollar. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationNEW YORK CITY, New York: A new national survey suggests America's teenagers are growing up with the same mistrust of the news media...
CANBERRA, Australia: Australian Prime Minister Anthony Albanese married his partner Jodie Haydon in an intimate ceremony over the weekend...
WASHINGTON, D.C.: Even as the Trump administration this week blamed vetting failures by the Biden-era for the admission of an Afghan...
KYIV, Ukraine: Andrii Yermak, Ukraine's powerful chief of staff and President Volodymyr Zelenskyy's lead negotiator in talks with the...
DHAKA, Bangladesh: A Dhaka Special Court sentenced Bangladesh's ousted prime minister, Sheikh Hasina, this week to 21 years in prison...
LONDON, U.K.: Britain will begin holding fresh pork and related products arriving from Spain at border inspection posts after Madrid...
ERIE, Colorado: An increasing number of farm animal sanctuaries across the country are promoting an alternative Thanksgiving tradition...
(Photo credit: Abe Arredondo-Imagn Images) Junior guard John Blackwell recorded a double-double with 26 points and 11 rebounds to...
(Photo credit: Nathan Ray Seebeck-Imagn Images) No. 9 BYU has turned the Delta Center into a tough environment for opponents this...
(Photo credit: Bob Donnan-Imagn Images) Star freshman Darryn Peterson will sit out his seventh straight game on Tuesday when No....
(Photo credit: Geoff Burke-Imagn Images) CJ McCollum scored 28 points while leading the Washington Wizards to an improbable second-half...
(Photo credit: Jim Dedmon-Imagn Images) The Charlotte Hornets and Brooklyn Nets are experiencing their share of difficulties this...
