25 percent fall in rupee under Modi Rule!!

The value of the rupee continues to fall under Modi's regime, which came to power as an achhe din. For the first time in history, the rupee has depreciated against the dollar. The rupee fell below 80 rupees against the dollar for the first time in its history on Tuesday. With this massive fall, the opposition is furious with the government. congress and other parties are constantly criticizing the government.

Since the bjp came to power in 8 years till now, the value of the rupee has declined by 25 percent against the dollar. Union Finance minister Nirmala Sitharaman said the same. After Modi came to power in december 2014, the exchange rate of rupee against dollar was Rs.63.33. By July 11, 2022, its value had fallen to 79.41. On june 30, the exchange rate of the rupee against the dollar was recorded at Rs.78.94. On Monday, it lost 16 paise to close at Rs 79.98. On Tuesday, it crossed Rs.80 and registered the worst decline in all-time history.

- What is the reason for the depreciation of the rupee?

The minister stated that the increase in oil prices due to the developments in Russia-Ukraine. international economic conditions have had a negative impact on the value of the rupee. Another reason is that foreign institutional investors are moving investments from indian stock markets. The minister said that FIIs have moved 14 billion dollars so far in 2022-23. The exchange value of the rupee against the dollar has crossed Rs.80 at a level never seen in history. Experts predict that it may fall to 82 in the future.

-Why is the dollar rising?

The rupee will depreciate a lot against the dollar. The Russia-Ukraine war started after the economy slowed due to Corona. The West has imposed sanctions on Russia. Many countries have stopped buying crude oil from Russia. The prices of oil and gas in the international market have increased tremendously. This has also affected America and Europe. Due to the war, the supply of food items, cooking oil and other goods has been disrupted. America and europe are facing the highest inflation.

Modi government's failure.

The biggest reason for the depreciation of the rupee is the collapse of the economy. Uncontrolled inflation. The failure of the Modi government to control these can be said to be the main reason. After Modi came, the prices increased hugely. If you want to buy something, the situation is like a fire. Due to inflation, the prices are increasing tremendously and people are facing severe problems. Especially as the prices of essential petrol and diesel are increasing day by day, the life of the common man has become difficult. The central government says that we have nothing to do with petrol prices and the international level of crude oil prices. But it is indisputable that the prices of petrol also affect the prices of other commodities.

The bjp has accused the congress government of raising the prices excessively, due to which the people are facing serious difficulties before the bjp government came. They said that if they come to power, Rama's rule will come. But now people are alleging that the bjp government is making things difficult for the people as if they like it more than the congress government. In the past demonetisation threatened people and put them in dire straits. Modi said on that occasion, 'You will face difficulties now with demonetisation, but later you will tell yourself why the notes were demonetised'. But the cash woes are still not over. Even though new notes are in circulation, consumers are facing serious problems as they are not available in the banks at the scheduled time. On the other hand, nationalized banks are accused of oppressing the common man by imposing rates as they like, collecting fines if the banks do not have minimum reserves.

And we are seeing the situation where the value of rupee is depreciating day by day compared to the dollar. Common people are afraid that if this situation continues like this, they will have to spend Rs. 1000 to buy vegetables as shown in the movie 'Aditya 369'. Some analysts are of the opinion that the people are disgusted by the performance of the central government, which is mainly driven by politics. people who ousted the congress governments in the past just because of the increase in onion prices..and this time the fall in rupee value, GST demonetisation difficulties, let's see what this government will do about Petro Vata..