Rupee Crashes to ₹88.31 per Dollar: 7 Reasons Why Modi Sarkar Can’t Escape the Blame
The indian rupee has fallen to its lowest ever level—₹88.31 per USD—and the nation is left wondering: is the Modi government even awake? While global pressures are real, the consistent freefall of the rupee shows deeper cracks in economic management. Here’s a breakdown of why things look so grim:
1. US Tariffs Slam indian Exports
Washington’s new tariffs on indian goods have spooked investors and dented trade optimism. Instead of a strong diplomatic counter, New delhi has been caught flat-footed.
2. Foreign Investors Are Fleeing
Over ₹1.4 trillion has already been pulled out of indian equities this year. High stock valuations, weak corporate earnings, and shaky confidence in policy stability have driven money straight into the US dollar.
3. Oil Imports Squeeze the Rupee
India’s dependence on crude is a recurring nightmare. Rising oil prices mean more dollars leaving the country, while the government still refuses to create a credible long-term energy independence roadmap.
4. US Fed’s Tightening = Dollar King
The Federal Reserve’s aggressive stance has made the USD stronger globally. But instead of preparing India’s defenses, the Modi government sat back, leaving the rupee to take the beating.
5. Importers Scramble for Dollars
Businesses are rushing to buy dollars to cover import bills, adding even more downward pressure. The RBI’s interventions are firefighting, not a strategy.
6. Inflation Monster is Around the Corner
A weak rupee makes everything from fuel to smartphones to medicines costlier. While the government keeps making grand speeches about “Viksit Bharat 2047,” the aam aadmi is already bleeding at the petrol pump.
7. RBI Alone Can’t Save the Day
The central bank is trying to curb volatility, but it can’t fix weak policymaking. Without structural reforms and strong fiscal management, the rupee’s decline is not just a blip—it’s a warning siren.
💥 Bottom Line: Modi Sarkar can spin slogans, but it can’t spin away the fact that the rupee has hit an all-time low. The fall to ₹88.31/USD isn’t just a number—it’s a verdict on misplaced priorities and economic mismanagement.
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