Centre only worried about saving chair,not Indian rupee: Narendra Modi

Modi lambasted Centre for not taking any steps to strengthen currency against US dollar.

Written by PTI | Ahmedabad | Published: August 20, 2013 3:39 pm

Attacking the Centre over its inability to arrest the declining Indian rupee to US dollar,Gujarat Chief Minister Narendra Modi today said the Centre was neither concerned about the economy nor the falling rupee but only worried about saving its chair.

Rajnath Singh says dip in Indian rupee welcome

“The country is disappointed today because the government is neither concerned about the economy nor the falling rupee. It is only worried about saving its chair,” Narendra Modi said today.

Indian rupee logs worst drop in 10 years,falls under 63 to US dollar,breaks another record

The Indian rupee continued its slide today morning,breaching the 64-mark against dollar by falling 98 paise to trade at a record low of 64.11 on persistent dollar demand and a weak opening in the domestic equity market.

How a falling rupee can hit costs,pay,jobs

The Indian rupee had yesterday recorded the decade’s worst single-day fall of 148 paise to close at record low of 63.13 against the dollar in the previous session.

He lambasted the Centre for not taking any steps to strengthen the currency against the US dollar.

Indian rupee crash: How Govt,RBI are fighting crisis

“The Indian rupee has fallen rapidly in the past three months. But the government has not taken any steps in the last three months to strengthen the rupee against the US dollar. If the rupee keeps falling like this,other countries will start taking advantage of India,” the BJP poll campaign committee chairman said.

Terming the leadership as direction less,the PM-aspirant said,”The country might have never imagined that it would face such an economic crisis. But when leadership during such a crisis is direction less,then hopelessness increases. The Centre has not taken any step to instill confidence among people.”

He took the Centre to task for failing to rein in inflation.

“For the last five years,every three months,we have been hearing from the Centre that prices will come down and inflation will be controlled but nothing has happened,” Modi stated.

For all the latest Business News, download Indian Express App

    Live Cricket Scores & Results