RBI Governor involved in 'corruption', alleges Subramanian Swamy
Hyderabad, Dec 22: BJP leader Subramanian Swamy Saturday alleged Reserve Bank of India Governor Shaktikanta Das was involved in corruption and termed his recent appointment to the top post as a "surprise".
He did not give any details about the "corruption", an allegation he has made in the past as well.
"The new governor of (RBI) is highly corrupt. I got him removed from the (Finance Ministry). I am calling Shaktikanta Das as a corrupt person. I am surprised that the man I got removed from the Finance Ministry for corruption was brought in as governor," Swamy said at an interactive session at the Indian School of Business here.
Later, when reporters asked him who he thinks should head the RBI, Swamy, a Rajya Sabha member, named Indian Institute of Management Bangalore professor R Vaidyanathan.
"Professor R Vaidyanathan, former professor of finance (IIM-B), would have been much better. He is also old Sangh man. He is our man," he said.
Das, who spearheaded the post-demonetisation normalisation of the economy, was named the new RBI governor on December 11, a day after incumbent Urjit Patel quit the post.
On being asked about the 2019 general elections, Swamy asserted that the Saffron party would come back to power as "there is no anti-incumbency" against the Narendra Modi government.
To a question on Congress president Rahul Gandhi, Swamy alleged he held a British citizenship and cannot become a prime minister, a charge already rejected by the former.
"by the way Rahul Gandhi cannot be a prime minister because he is a citizen of Britain and his Indian citizenship will be cancelled, he won't even be an MP," he claimed.
Swamy had in 2016 made the allegation and after it was raised in the Parliament Ethics Committee, Gandhi, in his response in March that year, had rejected the charge, saying it was a move to malign him.
The BJP leader had alleged that Gandhi declared himself a British citizen to occupy the post of the director of a company there.
On the Ram temple issue, Swamy said, "There is a widespread desire, even in Tamil Nadu, that a Ram temple must be built (in Ayodhya). And we will build it."
He said he had given a proposal to the Hindu Dharma Acharya Sabha on Ram temple, but did not elaborate.
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Rupee hits all-time low for second time in a week
Mumbai (PTI): The rupee depreciated 31 paise to settle at 91.99 against the US dollar on Wednesday, touching the lowest closing level for the second time in less than a week, amid increased month-end demand for the greenback.
Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. However, increased month-end demand for the American currency as well as the ongoing geopolitical tensions dented investors' sentiments.
At the interbank foreign exchange, the rupee opened at 91.60 and touched an early high of 91.50, but pared all the gains to touch an intra-day low of 91.99 against the greenback.
The domestic unit settled 31 paise down, revisiting its lowest-ever closing level of 91.99 against the greenback. The Indian currency previously ended at this level on January 23 when it also hit its all-time intraday low of 92 against the US dollar.
On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 against the US dollar.
Analysts said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe bolstered investor sentiment.
India and the European Union on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA), under which a number of domestic sectors such as apparel, chemicals and footwear will get duty-free entry into the 27-nation bloc, while the EU will get access to the Indian market at concessional duty for cars and wines, an official said.
The deal has been dubbed the "mother of all deals" as it will create a market of about 2 billion people.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent lower at 96.14.
Brent crude, the global oil benchmark, was trading 0.43 per cent lower at USD 67.28 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 487.20 points to settle at 82,344.68, while Nifty surged 167.35 points to 25,342.75.
Foreign Institutional Investors turned net buyers and purchased equities worth Rs 480.26 crore on Wednesday, according to exchange data.
