Congress leader Rahul Gandhi has raised sharp questions over the recent fall of the Indian rupee, targeting the central government and its economic management. Reacting to the rupee weakening to around 93 against the US dollar, Gandhi took a dig at the government’s “Amrit Kaal” narrative, asking whether this was the kind of economic phase the country was being promised. He suggested that if the current trend continues, the rupee could slide further, even touching the 100 mark in the future.
Gandhi also warned that a weakening currency is often an early signal of rising inflation. According to him, the impact may soon be visible in everyday life, as costs related to production and transport are likely to increase, eventually pushing up prices of essential goods.
While the government has maintained that the economic situation remains stable, Gandhi argued that the ground reality tells a different story. He claimed that underlying conditions are more fragile than they appear, and that the effects could become clearer in the coming months.
In a politically charged remark, Gandhi further alleged that fuel prices are being kept in check for now due to upcoming assembly elections in several states. He suggested that once the elections are over, fuel prices could be revised upward, leading to a fresh wave of inflation.
The remarks come at a time when economic indicators, especially currency movements, are under close watch. With elections approaching and political rhetoric intensifying, the issue of inflation and cost of living is likely to remain at the centre of the debate.