Rupee At Record Low: Due to the falling price of Rupee (Declining Rupee) experts are continuously expressing their concerns. Even today, the Indian Rupee (Indian Rupee) has opened with a fall in the currency market. In early trade, the rupee has fallen by Rs 12 against the dollar to reach the level of 82.90. At the same time, after a huge fall in the rupee, it had reached Rs 83.29 per dollar. Experts are expressing their concern on the falling prices of rupee. The opposition is constantly targeting the government on this matter. Now senior Congress leader and former Finance Minister P Chidambaram has advised PM Modi on this matter. P Chidambaram said that the government needs to seriously consider the falling prices of the rupee.
Government advised to consult former RBI Governor
P.Chidambaram advised the Modi government to take measures to control the falling rupee of the rupee by former RBI governors Dr. Raghuram Rajan, Dr. Y.V. Reddy and Dr. Rakesh Mohan. Have a meeting with. Along with this, Montek Singh Ahluwalia, YV Reddy, Finance Minister Nirmala Sitharaman and current RBI Governor Shaktikanta Das and officials are also required to be present in this meeting.
Giving information on this matter on his official Twitter handle, Chidambaram wrote that the government is looking helpless at this time in the face of falling rupee prices. Due to the depreciation of rupee, there are problems like inflation, current account deficit and increase in interest rates in the country. It is worth noting that Raghuram Rajan, C Rangarajan and YV Reddy have been RBI governors in the UPA government. At the same time, Rakesh Mohan has been the Deputy Governor of RBI and Montek Singh Ahluwalia has been the Deputy Chairman of the Planning Commission.
The Government seems helpless against the relentless decline of the value of the rupee
The declining rupee has consequences for inflation, current account deficit and interest rates
— P. Chidambaram (@PChidambaram_IN) October 20, 2022
Raghuram Rajan has been a strong critic of Modi government
Let us tell you that Raghuram Rajan is considered a strong critic of the economic policies of the Modi government. Raghuram Rajan has strongly criticized the Modi government’s decisions like demonetisation and has advised to emphasize on improving the economy. Criticizing the policies of the BJP government many times, he said that the government only likes those people who admire their policies. Modi government does not like its critics. On the advice of P. Chidambaram, BJP leader Amit Malviya said that the country was lagging behind in economic progress at the time of all the people whose names have been advised by Chidambaram.
read this also-