Shaktikanta Das, RBI Governor is parroting His (Her)Master's Voice, in saying that there is no fixed rate between the rupee and the US dollar and that the rupee has been faring better compared to other currencies against the US dollar. This is precisely what our Finance Minister, Nirmala Sitharaman had said a couple of days ago. As for the float of the rupee, in 2014 when Narendra Modi came to power it was Rs 58 to the US dollar and today it is Rs 82. Thus it is truly in a 'free float' mode. It is time for the incumbent government to take proper measures and prop up its economy to strengthen the Indian rupee. If you ask me, this government has no clue on what is happening to the Indian economy and only indulging in atmospherics as also the PM involving himself in announcing Rs 29,000 cr worth of projects in Gujarat as preparations for the upcoming elections, selling his mementos, riding Vande Bharat trains and announcing 5G to the nation!
