India, Feb. 11 -- Finance Minister Nirmala Sitharaman, while speaking in the Lok Sabha on Tuesday, quoted former RBI Governor Raghuram Rajan, who has been a long-time critic of the PM Narendra Modi-led government's policies.

Sitharaman was talking about the recent dip in the value of the Indian rupee against the US dollar, which recently led to the Asian currency's value cross 87 for the first time ever.

The minister said that volatility has been witnessed by currencies of nearly all major economies across the world. She also pointed out that the dollar index has risen 6.5% from October last year till January this year.

"Former RBI Governor Raghuram Rajan, who even participated in the Bharat Jodo Yatra, has acknowledged on Jan 15,2025 ...