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Congress says rupee value gone past " PM Modi's age"

PTI 11 Jun 2015, 7:39:00 IST

New Delhi: As the rupee slumped to 64.03 against the US dollar in early trade, Congress yesterday took a dig at Prime Minister Narendra Modi saying that the value of Indian currency has gone past his age.

The remark was made by party spokesperson Ajay Maken at the AICC briefing here.

Maken, however, chose to avoid a tongue-in-cheek query on whether he sees the rupee going past the age of 87-year-old BJP veteran L K Advani.

The rupee yesterday resumed lower at 64.03 against its last closing level of 63.92 at the Interbank Foreign Exchange and slid further to 64.05 on initial dollar demand from banks and importers amid foreign capital outflows.

However, it recovered immediately to 63.78 on selling of dollars by banks and exporters before concluding at 63.84 per dollar, showing a gain of 8 paise, or 0.13 per cent, from its last close.