|
Rupee is quoted at its
lowest at Rs.44.11 against the Dollar in the
Indian market today. In the beginning of
this year, i.e. on 16.1.2008, the Rupee was
strongest at Rs.39.02 against the Dollar.
Do Mr. Chidambaram and RBI have any
explanation for such horrible fluctuation,
questioned the BJP leader & National
Executive Member, Dr. Kirit Somaiya.
This is an abnormal and
horrible fluctuation of Rupee vs. Dollar.
The Rupee gets appreciated steeply and it
gets depreciated in the similar fashion. It
destroys both the industries, first the
export and then import. There is no logic
or economic reason for the same. This is a
lacklustre expensive tendency of Mr.
Chidambaram, Finance Minister of Congress
Govt., which is causing such problems.
|
Date |
Rupee/Dollar |
Strongest/Weakest |
|
16.1.2008
26.8.2008 |
39.02
44.11 |
Strongest
Weakest |
|
19.7.2006 |
47.04 |
All time lowest since
2006 |
|
3.5.2007 |
44.69 |
|
BJP says that it is the support of the
Government, particularly the Finance
Ministry, to support the speculative
transaction in all markets – whether it is
Forex, Capital Market or Commodity Market.
Though oil prices have come down from USD
140 to USD 120, why Rupee is depreciating so
speedily, questioned Dr. Kirit Somaiya. |
