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Rupee at all-time low against dollar: NCP seek explanation from FM Sitharaman

Union Finance Minister Nirmala Sitharaman. (HT)

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. 

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