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Congress targets Modi over rupee

Congress president Rahul Gandhi addresses a public meeting in Hyderabad, on Tuesday.

Congress president Rahul Gandhi addresses a public meeting in Hyderabad, on Tuesday.   | Photo Credit: AP

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It’s a no-confidence vote, says Rahul

Targeting Prime Minister Narendra Modi for the sharp fall in the value of the rupee to the U.S. dollar, Congress president Rahul Gandhi on Tuesday said the national currency has given a “no-confidence to the Supreme leader”.

The Congress alleged that the Modi government was “making the rupee fall and the economy crawl”, and the rupee had become Asia’s weakest currency.

Tags 2013 video

“The Indian rupee just gave the supreme leader a vote of no-confidence, crashing to a historic low. Listen to the supreme leader’s master class on economics in this video, where he explains why the rupee is tanking,” Mr Gandhi said in a tweet and tagged a 2013 video of Mr. Modi mocking the UPA government over the rupee’s valuation. Alleging that “Modinomics” had wreaked havoc on the economy, the Congress’s media in charge Randeep Surjewala said: “Rupee is now at an historic low. Modi Govt has surely sent Rupee to the ‘Margdarshak Mandal’ (BJP’s group elders who are older than 75). What the Congress could not achieve in 60 years, Shri Modi and his policies have achieved in 52 months.”

He listed demonetisation, a “flawed” GST and inflation as reasons for a slowing economy.