Rupee slide is disastrous

NEW DELHI, January 15: The Bharatiya Janata Party BJP today expressed serious concern over the continuing decline in the the value of the rupee, which hit an all-time low of Rs 40.15 to the US dollar yesterday, warning that this would have disastrous consequences on the economy.

Meanwhile, 1,000 retired armymen joined the party today in Hyderabad. Party spokesperson Sushma Swaraj said here that they included six Lt Generals and Major Generals besides 200 other senior officers.

On the rupee front, Swaraj blamed the faulty policies followed by Manmohan Singh and P Chidambaram.

If the BJP was voted to power, it would take immediate measures to halt the decline, she said. quot;To achieve this, all necessary action will be taken on a priority basis.quot;