Economic fundamentals remain strong, says FM
New Delhi, March 31 -- The fundamentals of the Indian economy remain "strong" despite global currency volatility triggered by geopolitical uncertainty, finance minister Nirmala Sitharaman told the Lok Sabha on Monday, pushing back against concerns over the rupee's slide.
Refuting Samajwadi Party leader Dharmendra Yadav's charge that Prime Minister Narendra Modi's credibility is falling with the rupee, she cited a recent global survey that ranked Modi as the world's most popular leader.
The issue was raised by Congress member Shyamkumar Daulat Barve during Question Hour, who pointed out that the rupee has depreciated about 49% to Rs.93.80 per dollar from an average of Rs.61.02 in 2014. He also flagged rising retail inflation amid the West As...
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