Still looking for 'achche din': Chidambaram over record-fall of rupee
What's the story
Former Finance Minister P Chidambaram today took a dig at the government over the record fall of the Indian rupee against the US dollar, saying he was still looking forward to the BJP's 'achhe din'. Continuing its free fall for the fourth straight session, the rupee yesterday hit a record closing low of 68.79, showing a fall of 18 paise against the dollar.
Twitter Post
Here is the tweet by the former finance minister
Looking forward to BJP's achhe din when the US dollar will trade at One dollar = Rs 40!
— P. Chidambaram (@PChidambaram_IN) June 29, 2018
Details
Rupee fell over weak cues, concerns over inflation, fiscal slippage
The beleaguered Indian rupee crashed to breach of 69 in the early trade yesterday and slipped further to hit a lifetime low of 69.10, a fall of 49 paise during the volatile session. It finally closed at a record low of 68.79. The fall of rupee was attributed to multiple headwinds like weak global cues and concerns related to inflation and fiscal slippage.