Whenever the rupee weakens, it tweeted on Twitter that the price of one dollar would be 40 rupees after Modi became Prime Minister, that is, the rupee would get stronger. On what basis they were saying, they can tell if they say something on it.
Against the dollar, the politics of rupee revolves around again in 2013-14 when the value of the rupee was used to deny the Prime Minister of India, Prime Minister Manmohan Singh. If you look at the tweets of the then Prime Minister Modi or listen to the speeches, you would have liked the falling prices of rupees to India's declining self respect. From leaders of the opposition, Ravi Shankar and Ramdev also used to say that if Modi becomes the Prime Minister then the rupee will be stronger than the dollar. Whenever the rupee weakens, it tweeted on Twitter that the price of one dollar would be 40 rupees after Modi became Prime Minister, that is, the rupee would get stronger. On what basis they were saying, they can tell if they say something on it. Today India's rupee has become so weak as compared to the dollar that it had never happened. For the first time, a dollar has risen to 70 rupees.
Then as a prime minister's candidate, Modi used to say that the government of Delhi is not responding. Now the opposition is saying that the government of Delhi is not responding. Prime Minister Modi made serious allegations as leader of the opposition and said that the country wants to know. Does the country no longer want to know why India's rupee was faltered in front of the dollar on the eve of August 15. Is it not just economic reasons, its political reasons too. Hearing the old statement of the Prime Minister whom he had given seriously seems strange. From June 2013 till he becomes the Prime Minister, how many times he must have been charged seriously, at least once to say that while being prime minister, especially on August 14, India's rupee fell so much against the dollar as on August 14. Never had history dropped.
The politics of rupee starts from 2013 Such statements began to appear that when the country was free then there was a rupee equal to one dollar. Then the rupee began to weaken. People also felt that this is a very big fraud. As Chief Minister of Gujarat Narendra Modi and the big leaders of BJP started making this issue.
Meanwhile, the rupee becomes weak at the record level on August 28, 2013. That day the cost of a dollar was 68 rupees. In November 2014 a dollar costs Rs 62. On January 27, 2016, a dollar becomes 68 rupees. The price which was on August 28, 2013, is on 27 January 2016. When crude prices were on the rise in June-July this year, it was said that by the end of this year, India's rupee weakened to 70 rupees from the dollar. On the eve of August 15, this historic decline of the rupee is related to Swabhimaan of the country or not, it can only tell better who have been doing politics by doing this. The government should, however, tell it so that it is clear in the public that the reasons behind falling rupee can be anything else.
We checked the charge of Finance Minister Piyush Goyal's Twitter handle. At three o'clock tweeted that we are proud that our respect is growing in the world under the leadership of Prime Minister Narendra Modi. The results are telling itself because we are rapidly moving towards the world's greatest economy. His tweet is on the Clean Rail Swachh Bharat campaign. We bring Ayushman Bharat scheme for health, farmers pay a price of one and a half times. If Piyush Goyal was in the Opposition, what would you have been tweeting, how was it going from August 15? It is the only one left in India's politics to decide who will do when or who will say this pattern has been fixed. Well, the finance minister in charge would also have a tweet regarding the weakness of the rupee so that people would understand why this is all. Especially when the rupee weakened four years ago was his favorite issue.
Does the Government have a role in rupee weakness? No. Then why does the government not say this to itself? This reply can only be given by the government, but you can gas down why the government does not say that the rupee has not weakened due to its reasons. Because as soon as he says this, people will ask how he used to say that rupee was getting weak due to the policies of the UPA government. We have asked Pranjay Guha Thakarta whether they can tell the reasons for which the rupee is weak.
There is no roll of government. Reserve Bank of India. If he wants to sell the dollar, increase its supply in the market and stop rupee from falling. The rupee depreciates against the dollar and the impact of petrol diesel costs most. Prices of petrol start increasing. Also, import of things from outside starts to be expensive. If the rupee weakens, the foreign investor will get less returns. However, the government has crossed the rupee's politics. Opposition has embraced it. By the way, BJP spokesman Nalin Kohli has said what he has said. They have said that those who read the newspaper know that why is this happening all this.
India's Economic Affairs Secretary Subhash Chandra Garg has told Reuters that there is no need to worry about it because the decline in rupee is coming from the external factor. Currency of other economies is also getting weak. Trying to stop the fall by selling the reserve bank's dollars at this level will not be of particular benefit. Even if the rupee falls on the 80's also it will not be a matter of concern. The second currency continued to weaken.
Where was the country where the country's self-interest was in danger when it was 68 rupees, today the Secretary of Economic Affairs says that even if a dollar will be worth 80 rupees, it is not a matter of concern that the currency of other countries will continue to weaken. . Either the argument has changed, or the real time has changed. So what will be 80 rupees? Before 2013, only the Indian Rupee was falling, the currency of other countries was not falling. That was exactly what happened at the time. According to an article in Live Mint, at this time, besides the Indian rupee, the highest level of lira in Turkey has been recorded. This year, the value of the lira has reduced by 45 percent. For this reason, the euro's prices have also weakened against the dollar. New Zealand's dollar is also the most broken in two years. The South African dollar also fell 8 percent. Argentine pesos dropped so much that banks raised interest rates by 5 percent.
When the currencies of other countries are weak then India's rupee is weak. Is there any such connection? Even in 2013, when the Indian rupee was weakening, the lira of Turkey was also becoming weak. This does not mean that there is no relation between the two. There are many other reasons in the middle too. The currencies of other countries are affected, but many times the Indian rupee is weak even when the currencies of other countries are getting stronger. Was watching an article on December 17, 2014 on the live mint Then the Indian rupee was at the lowest level of 13 months. Compared to the dollar. South Korea's currency giant was getting stronger at that time. Japana's Yen also strengthened 1.17 percent. The Singapore dollar, the Malaysian ringout was also strong.
In 2011, because of the crisis of the European Union, currencies were falling apart, due to the financial crisis in Greece in 2012, there was an impact on currencies around the world. On August 28, 2013 when India's rupee reached 68 against a dollar, there was also a major reason for the tarpaulin tantrum. To save America's economy, the Federal Reserve raised the dollar amount and said that now Federer will not buy reserve bonds. Its impact was on markets and currency throughout the world. This is called taper tantrum. If the price of crude oil increases in the world market then the currency starts weakening. This time the turkey has declined due to this. Just have to choose politics when he has to run these shops by shifting these arguments. To lie is. You know that business warfare between the United States and China is currently underway. On the day the two countries increase the tax on each other's imports.
At present, the US economy is in a strong position, due to this, the worldwide flow of the dollar is going on toward the United States. American investors are putting out money from other markets and putting them in their market. Taking advantage of this strength, Trump has opened a front against China. China is also increasing the import duty on imported items from the United States. It is also affecting other countries. The United States is simultaneously fighting against many countries including China, Iran, Turkey, India. India has also raised import duty on many US items. An angle America and Turkey are clashing together. The United States has increased the import duty of steel and aluminum from Turkey to 50 percent from 20 percent. This will happen that the demand for steel in Turkey will be reduced. Angry by this, Turkey's President Erdogan has said that his country will boycott American electronics. Looking at their stand, speculation is being made whether they will do this or just say at the level of threat. Erdogan has said that whatever we call from the United States will make us better in our country. If they have a phone call then Samsung is also there. Venus is in our country. These are the brands of all phones. It is not clear whether ergoding will give it a formal form or it is only limited to the threat. In this trade war, turkey lira became weak 25% last month.
In 2016 cyber hackers hacked the central bank of Bangladesh and got $ 101 million. Of this 20 million dollars went to the hackers in Sri Lanka, which was recovered. 81 million dollars went to the Philippines, out of which $ 18 million was recovered. There is no further information about this but I am telling this because such an attempt has been made in India too. Hackers have earmarked 94 crores from a cooperative bank in Pune.
Our colleague Sunil Singh has sent a report that money has been withdrawn in 29 countries including Debit Card in India. There was no such big cyber robbery in India before. On 11th August, the bank switched the system, and in 7 hours, transactions were done in 28 countries in 12 thousand times and 78 crores were withdrawn. Within India, transactions were done 2849 times and two and a half million were withdrawn. Then on August 13, 14 million and blown away. CASMAS Bank has shut down its payment system for two days but has given a relief to the customers that their money is safe. Do not worry. The bank has filed an FIR.
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