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 Malaysia 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 Malaysia Sun.
More InformationDHAKA, Bangladesh: A Dhaka Special Court sentenced Bangladesh's ousted prime minister, Sheikh Hasina, this week to 21 years in prison...
BENGALURU, India: India has instructed major smartphone manufacturers to ship all new devices with a government-built cyber safety...
NEW DELHI, India: India has lodged a protest with China over what it called an arbitrary detention of an Indian citizen at the Shanghai...
New Delhi [India], December 4 (ANI): Questioning the ruling BJP's stance on the Indian Rupee depreciating against the US Dollar, which...
New Delhi [India], December 4 (ANI): The Leader of the Opposition in Rajya Sabha and Congress President, Mallikarjun Kharge, on Thursday...
New Delhi [India], December 4 (ANI): On the occasion of 54th Navy Day, Vice President CP Radhakrishnan extended greetings to naval...
BURBANK, California: Warner Bros Discovery has entered a decisive phase in its sale process, receiving second-round bids that include...
NEW YORK, New York - A disappointing jobs report sent stocks higher on Wednesday. While the economy shed 32,000 jobs in November, investors...
SEOUL, South Korea: Samsung Electronics introduced a new addition to its foldable lineup, unveiling a multi-folding smartphone designed...
BRUSSELS, Belgium: Europe's aerospace and defence sector posted strong growth last year, with turnover and employment both climbing...
LONDON, U.K.: HSBC is stepping up its use of artificial intelligence, striking a multi-year agreement with French start-up Mistral...
NEW YORK, New York - U.S. stocks closed in the black on Tuesday but it was a volatile day as buyers and sellers fought to gain dominance....
