RAHUL BECOMES POLITICALLY IMPUDENT AFTER THE FALL OF RUPEE AT ITS ALL TIME LOW

The entire non BJP opposition, especially the most vociferous Congress president Rahul Gandhi has become more impudent politically after getting the new ammunition of the all time high fall of Indian rupee against the dollar in the international market thus negatively affecting the Indian economy and enhancing inflation of the already inflated prices of the essential commodities, as a result of the diverse impact on the international crude prices.

Everybody know that the weakening of the rupee against the dollar in the international market directly results in the abnormal rise in price of the Indian petro products as the price of the Crude Oil Basket in increased manifold.

This straightaway result’s in the inflation and fiscal deficit in the Indian economy. A weak rupee makes the job of the Reserve Bank of India quite tough in arresting inflation, the reason being that the imports become highly expensive resulting in the increase in the interest rates which the RBI has already hiked twice.

As per the versions of economists if the rupee falls further, it may have the highly disturbing affect on the Indian economy, the current account deficit and the credit taken from abroad. Under such trivial circumstances the Reserve Bank has no option but to increase the already increased interest rates, finally putting the burden on everybody.

The devaluation of the Indian rupee has been creating hell of the problems to the Indian economy since the last eighteen years as there had been number of fluctuations in rupee value going downwards thus affecting the international crude price and leading to inflation.

But today’s all time rupee devaulation has undoubtedly impacted the Indian economy extremely negatively resulting in not only enhancement in the already increased prices of petro products but also raising the costs in housing and transport sector as well as enhancing the prices of assential commodities.

However, the RBI and the economic Affairs ministry are still hopeful of tiding or coping with the crisis saying that they have enough of foreign exchange reserves to the tune of more than 400 billion dollars but experts say that it’s not the final or credible solution to the ongoing crisis, particularly when people are already witnessing the hiked petroleum prices and inflation affecting the common masses.

Despite all this, what is most surprising is the fact that not a single leader of the BJP led opposition, not even the national chief Amit Shah and the most vociferous Congress opponents like BJP the spokesperson Sambit Patra has issued any statement or rebuttal of Congress chief Rahul Gandhi’s tweet and loading of PM Modi’s 2014’s most vociferous election speech related video in which the latter was badly castigating the then Congress government led by Dr. Manmohan Singh in the context of falling of the rupee in international market.

While there was no rebuttal from the BJP on Rahul’s tweet which termed the fall of rupee as a NO CONFIDENCE for the prime minister the Congress kept on its attack on the Congress by saying that the falling rupee and the failing economy is an independent gift of PM Modi to the nation which unambiguously exhibits the abject failures and economic mismanagement of the Modinomics.

The Congress spokesman Randeep Singh Surjevala has attacked the NDA government by saying that Modinomics has wrecked havoc with India’s economy and wrecked it in dire straits.

It may be recalled that the Congress party and its chief Rahul Gandhi has enhanced his tour programmes of the states like Rajasthan , Madhya Pradesh and Chattisgarh where state elections are in the offing and after the recent prediction of the opinion poll survey of ABP news channel and C – Poll giving clear winning edge, the political impudence of Nehru Gandhi scion has also increased manifold.