Congress has criticized BJP after the rupee crossed 90 against the dollar, reminding them of old comments made during the UPA regime. According to experts, export sectors may benefit from the falling rupee.
New Delhi: Congress leader Priyanka Gandhi Vadra has targeted BJP after the Indian rupee crossed 90 against the US dollar. On Thursday he asked what did they (BJP people) say when the dollar was expensive during the Manmohan Singh government? What is their answer today? Ask them. Why are you asking me?”
The Congress leader’s comments come amid concerns that the Indian rupee has been one of the worst performing Asian currencies in 2025, depreciating by about 4-5 per cent. However, experts have also highlighted some sectors that can benefit from the falling rupee. Earlier today, Congress MP Manish Tewari recalled the time when BJP had mocked the UPA government over the falling rupee, and said the current rate is even higher than in the age of Prime Minister Narendra Modi.
Tiwari said that during the UPA regime, the BJP had mocked the government for the falling rate. BJP spokesperson Ravi Shankar Prasad had said in 2013, “When the UPA came to power, the value of the Indian rupee against the dollar was equal to the age of Rahul Gandhi. Today it is equal to the age of Sonia Gandhi, and very soon it will touch the age of Manmohan Singh.”
Tiwari said in a post on
Meanwhile, Sunny Aggarwal, Head of Fundamental Research, SBI Securities, said the falling rupee could benefit export-dependent sectors like shrimp, textiles, IT, pharma, engineering, metals and auto. However, he said import-dependent sectors like FMCG, plastic polymers, oil and gas may face cost pressure. Anindya Banerjee, head of commodities and currency at Kotak Securities, said continued demand from importers from sectors like oil, metals and electronics is sucking up the available dollar liquidity. On Thursday morning, the exchange rate of the Indian rupee stood at 90.33 against the US dollar.