Rahul Gandhi says Rupee not breaking, is broken
New Delhi, Oct 4 : As the Rupee hit a record low of Rs 73.77 against the US dollar, Congress President Rahul Gandhi Thursday said the Indian currency is not breaking, but is "broken".
The rupee collapsed to a fresh low of 73.77 against the US dollar Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
"Breaking: Rupee slips to 73.77. It's not breaking - it's Broken," Gandhi said on Twitter.
Gandhi Wednesday hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee.
He tweeted in Hindi that fuel and gas prices are on the boil and there is an outcry in the public and asked till when the prime minister will be on silent mode.
"The rupee has crossed the 73 mark and price rise is causing an outcry. Fuel and gas prices are on fire and markets are scurrying. Till when will the 56-inch chest be on 'silent mode'," he tweeted and asked what happened to the promise of 'achche din'.
Consistent dollar demand from importers, mainly oil refiners, following higher crude oil prices, have kept the rupee under pressure.
State-owned oil marketing companies have been allowed to raise USD 10 billion from overseas market to meet their working capital needs.
At the interbank foreign exchange, the rupee opened lower and slipped further to a fresh low of 73.77 a dollar against 73.34, a fall of 43 paise.
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Violence reported in several parts of Kerala after civic poll results
Kozhikode (PTI): Violence erupted overnight at various places across Kerala, particularly in northern districts, following the announcement of local body election results, police said.
In Eramala in Kozhikode district, tension prevailed throughout the night after the Indira Gandhi Bhavan, a Congress office, was allegedly attacked by CPI(M) workers.
According to an FIR registered at Edachery police station, around 200 people marched towards the Congress office carrying dangerous weapons and vandalised the building, causing damage estimated at around Rs five lakh.
A statue of late prime minister Indira Gandhi was also damaged in the attack, police said. Soon after, UDF activists gathered at the spot, further aggravating the situation.
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However, with the deployment of additional police personnel, the situation was brought under control, an officer said.
Police said another violent incident was reported at Marad, where stones were allegedly pelted at a UDF victory procession, leaving several persons injured.
In Sultan Bathery in Wayanad district, police registered a case after a car carrying a UDF activist and his family members was allegedly attacked by around 40 CPI(M) workers, an official said.
Sultan Bathery police also booked UDF activists in a separate incident for allegedly attacking a CPI(M) worker who objected to the bursting of crackers near his house, the officer said.
In Panoor in Kannur district, houses of several Muslim League activists were allegedly attacked by CPI(M) workers. Vehicles parked at the houses were also damaged.
According to Panoor police, the violence broke out after a UDF victory rally was allegedly stopped by CPI(M) workers armed with swords and daggers. Some UDF leaders sustained injuries in the clash.
Clashes were also reported between UDF and LDF workers at Ulikkal in Kannur district, though police intervention brought the situation under control later in the night, an officer in the Ulikkal police station said.
In Bedakom in Kasaragod district, an LDF victory march turned violent after CPI(M) activists allegedly intercepted UDF workers passing through the area. Some policemen who intervened suffered minor injuries, an officer said.
Similar violence was reported from Neyyattinkara in Thiruvananthapuram district following clashes between CPI(M) and BJP workers. Police said workers from both sides sustained minor injuries and were admitted to hospitals. Cases will be registered after formal complaints are received, police said.
