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Union FM Nirmala Sitharaman in Lok Sabha: “It is sad that some people in Parliament are jealous of the country’s increasing economy. India has the fastest-growing economy but the opposition has a problem with it. Everyone should be proud of India’s growth but some people take it as a joke.
“The Indian rupee has been strong against every currency. Reserve Bank has used foreign exchange reserves that it has to intervene in the market to make sure that the Dollar-Rupee fluctuation does not go too much.”
This on a day when the rupee declined 35 paise to 82.63 against the US dollar in early trade on Monday as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments.
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