Home / News / India /  Rupee at all-time low against dollar: NCP seek explanation from FM Sitharaman

The Nationalist Congress Party (NCP) has asked Union Finance Minister Nirmala Sitharaman to explain why the rupee has fallen to an all-time low against the US dollar. The rupee depreciated 43 paise to an all-time low of 81.52 against the US dollar in early trade today. At the interbank foreign exchange, the rupee opened at 81.47 against the greenback, then fell to 81.52, registering a fall of 43 paise over its previous closing. 

The Sharad Pawar-led NCP targeted Sitharaman for her remarks made at a press conference in Pune on Saturday that the rupee has "held back very well" against the US dollar when compared to other currencies. "Can she explain why the rupee has fallen to an all-time low of 81.47 against the US dollar?'' NCP national spokesman Clyde Crasto said in statement. 

"If any one currency which has held its own and did not get into fluctuation or volatility as much as other currencies, it is the Indian rupee. We have held back very well," she had told reporters in Pune at the end of her three-day tour of Baramati last week. The tour was part of the BJP's campaign to strengthen itself in 144 Lok Sabha constituencies where it is weak, ahead of the 2024 general elections. Out of these 144 seats, 16 are in Maharashtra, including Baramati, the Pawar family bastion. NCP leader and Sharad Pawar's daughter Supriya Sule represents Baramati in the Lok Sabha. 

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout