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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Rajasthan: ACB court sends former IAS Subodh Agarwal to 2-day police remand in JJM scam
Jaipur (PTI): Retired IAS officer Subodh Agarwal, arrested in connection with the alleged Rs 960-crore Jal Jeevan Mission scam, was produced before an ACB court on Monday, which sent him to two days' police remand.
The Anti-Corruption Bureau had sought a three-day remand for further questioning in the matter, but the court granted two days' custody.
The order was passed by the ACB Court-1.
A team from the ACB arrested Agarwal on Thursday in connection with the multi-crore Jal Jeevan Mission corruption case.
He was sent to a three-day police remand on Friday. On completion of the remand period, the ACB produced him in court.
Agarwal was serving as the additional chief secretary of the public health engineering department when the alleged scam took place.
Some firms had allegedly secured tenders by submitting forged completion certificates in connivance with officers. Last month, the ACB arrested nine persons, including senior engineers and retired officials, in connection with the scam. Earlier, the ACB had arrested contractors.
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