Rupee touches 64 level against dollar, Modi attacks centre(Video)

Ahmedabad, 20 August 2013

Gujarat Chief Minister Narendra Modi today attacked the government for the free fall of rupee against the US dollar, saying the Centre is not concerned about the economy.

“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,” Mr Modi said.

The rupee continued its slide and slumped to a record low today, breaching the 64-mark against dollar.

The domestic currency 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.

“The rupee has fallen rapidly in the past three months. But the government has not taken any steps to strengthen the rupee against the US dollar. If the rupee keeps falling like this, other countries will start taking advantage of India,” the Gujarat Chief Minister said.

Terming the leadership as direction less, Mr Modi 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 instil confidence among people.”