While Indian currency Rupee started loosing its stability in respect to the US Dollar, Union finance minister Arun Jaitley thought it was going to be a short spanned imbalance.
However, the span is proving to be a bit too lingerng. And now, Congress President Rahul Gandhi has taken a jibe at the Centre for failing to arrest the persistent decline in the domestic currency.
The Indian rupee on Thursday slumped to a fresh low of 73.77 to a US dollar, as rising crude oil prices and a worsening rupee raised concerns about capital outflows.
At 12.50 p.m., the rupee had recouped some of its losses to trade at 73.61 against the greenback after opening at 73.67 at the Inter-Bank Foreign Exchange Market. It had settled at 73.34 on Wednesday.
The Congress has been attacking the Narendra Modi government over the rise in domestic fuel prices and a tumbling rupee.>