“Under gold medalist Havard economist 1 Dollar – Rs 39(2008) 1 Dollar – Rs 68 (2014) Under Chaiwala 1 Dollar – Rs 68(2014) 1 Dollar – Rs 69(2018) What this all Ranty-Rona all about?”
The message above has been doing rounds on social media showing a comparison between the exchange rate of United States Dollar (USD) to Indian Rupee (INR) during the term of former prime minister Dr. Manmohan Singh and present Prime Minister Narendra Modi.
The viral message suggests that the Rupee-Dollar exchange rate deteriorated much more during the UPA-II tenure, while it saw a depreciation of only Re. 1 under the present NDA regime.
First of, the Indian currency slipped to an all-time low to Rs. 69.0925 to the dollar on June 28, 2018.
AltNews conducted a proper research and busted this lie spread by none other than BJP’s bhakts.
According to a website www.exchange-rates.org, the INR-USD exchange rate on the day Manmohan Singh demitted office i.e. May 17, 2014, was 58.57.
While the exchange rate was 58.66 on May 26, 2014, the day Narendra Modi took oath as the Prime Minister.
Also, on November 24, 2016, the exchange rate was Rs. 68.86 per dollar. And then, on June 28, 2018, it slipped to an all-time low to Rs. 6.0925 per dollar.
Clearly, it shows that there has been a fall of over Rs. 10 since the time Modi became the Prime Minister in 2014 till 2018.
So, all those claiming that the rupee-dollar exchange rate slipped by only one rupee since 2014 should do a thorough research and get their facts correct. But, not much can be expected from these bhakts who are out there ranting on Twitter, spreading fake news and making false claims.
A thing like fact does not exist in the lives of these bhakts.