We may have been hearing a lot of good things about the Indian economy from various organizations such as International Monetary Fund but on Monday, the Indian Rupee fall to a lifetime low, crossing the 70 mark per dollar, i.e., 70.1.
The Indian currency has been losing its sheen for quite some time now as just 10 years ago, we were standing strong at 42.1 in comparison to 1USD but five years ago, we reached the value of 59.3. In September 2013, it touched 68.84 that was the lifetime lowest at that time while just a month ago, it was 67.1.
The experts are of the opinion that it is the result of the Turkey financial market crisis as the currency of Turkey “Lira” is taking a free fall and on Monday morning only, it fell more than 12 percent. Experts feel that this Turkish crisis is now showing its effect on the Asian markets and making the dollar strong.
However, the Indian Twitter users are holding PM Modi and his government completely responsible for the fiasco and asking whether these are the “ache din” that he was talking about and this is how he wanted to change India. Here are some reactions:
#1
Actually I was surprised. When I see. Well educated peoples.. Sitting there. And clapping on all this.
ये विडीयो में ताली बजाने वाले पढे लिखे से दिखने वाले ये बेवकुफ लोग, क्या सोंच कर तालीया बजा रहे है?@KilaFateh
MODI JI LEAVE YOUR THEORY OF GAS FROM GUTTER. OUR CURRENCY IS FALLING DAY BY DAY. TODAY WAS ABOUT TO TOUCH RS 70 =$1. FIRST TIME IN 70 YEARS.
FIRST THINK ABOUT THE COUNTRY. WE WILL THINK LATER ON ABOUT THE GAAY GOBAR GAS MANDIR MASJID AND HINDU MUSLIM. @RahulGandhi @INCIndia .
#2
#3
#RupeeisDead @RahulGandhi @divyaspandana @priyankac19 @nsui look at Modi vikas .
INR is sinking ,economy gone in ICU .
Is this vikas ?Hamara desh badal raha hai .
#4
And see the point, all are got busy in talking nonsense things and no one is pointing that Rs 70. = 1$ history thing. This should be shown as biggest achievement in 4 years compared to 60 years of Congress..
#5
The rupee has lost 7.2% this year and remains one of the worst performing emerging market currencies.
So who is the PM?economictimes.indiatimes.com/markets/forex/…
What the Congress could not do in "70" years has been done by Modi Sarkaar. US$ 1 = Rs "70".
#6
#7
Dollar crossed Rs. 70 today. Rs. 1.20 fall in a single day.
Congratulations, great economists @Swamy39
#8
It is refreshing to know that the rupee will get stronger at Rs.40/- per dollar if Modi comes to power zeenews.india.com/business/news/…
How refreshed u feel SriSri that 1$ at Rs 70/- U couldn't hv imagined even with yr yogic (non) sense! Ramdev Sri Sri Asharam &many under custody all over d country hv business interests which Modiji assured 2protect. India doesn't matter 2 mean Bhogis & selfish Gujarati Jugaljodi
#9
#10
#11
Once again modiji created history
Where Rs is 1 st time at its low value (70 rs per $) against dollor#CongressIsWinningm.timesofindia.com/business/india…
What is your take with regard to this? Let us know your views.
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