PM failed to fulfil promises: Rahul Gandhi
Pathanapuram: Coming down heavily on Prime Minister Narendra Modi, Congress chief Rahul Gandhi Tuesday said he has "failed" to fulfil the promises made during the last five years.
"The promises Modi has given to you, he has not fulfilled. but Anil Ambani gets Rs 30,000 crore in Rafale deal.
"The Prime Minister is speaking of nationalism and he gave the biggest defence deal to a person who has not made a single aircraft," Gandhi charged.
The Congress President was addressing an election rally at the St Stephen college grounds here in Kollam district.
Hitting at the Sangh forces, the AICC chief alleged the country is now under attack from the BJP-RSS and there was an idealogical fight going on between the BJP on one side and Congress on the other.
"No matter how many times you (BJP/RSS) attack us, we will use love and non-violence to convince you are wrong," he said.
"In the last five years, our Prime Minister promised several things.Two crore job opportunities.. Rs 15 lakh deposits in bank accounts and price support for farmers," he said.
Gandhi asked the people how many of them had received the money in their bank account promised by the Prime Minister.
Gandhi assured the cashew farmers in the state that his party, if voted to power, will to take up their cause.
"We will start a conversation to help make cashew growing a viable alternative", he said adding that it was an "honour" for him to fight elections from kerala.
Rahul Gandhi arrived here last night on a two day visit to Kerala.
Besides Kollam, he would address rallies in three more districts.
Gandhi, who is contesting from Wayanad district as a second constituency besides the Congress stronghold of Amethi, will be addressing meetings in his constituency on Wednesday.
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Rupee falls 20 paise to 95.43 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region.
Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary.
Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India.
At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close.
Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday.
"With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying and oil prices rise due to the continuous fighting in the Gulf Region," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The higher oil prices will keep rupee sold off against the dollar as oil companies and FPIs intensify dollar buying, Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.51, up 0.15 per cent.
Brent crude, the global oil benchmark, was trading lower by 1.07 per cent at USD 113.22 per barrel in futures trade.
"Market sentiments remained fragile after renewed military exchanges between US and Iranian forces when Iranian forces launched fresh attacks in the Gulf as both sides sought to assert control over the strategic waterway," Bhansali said.
On the domestic equity market front, Sensex declined 361.62 points to 76,907.78 in early trade, while the Nifty dropped 134.90 points to 23,980.60.
Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday, according to exchange data.
