Naveen express shock over rupee depreciation

Image
Press Trust of India Bhubaneswar
Last Updated : Aug 27 2013 | 4:15 PM IST
Voicing concern over the falling rupee, Odisha Chief Minister Naveen Patnaik today said it would cause further price rise and add to the woes of the common man.
"It is shocking that the rupee has crossed the 65 mark vis-a-vis US dollar. It tells all about macro economic policies of the UPA government," the chief minister told reporters here after the rupee tumbled to an all-time intra-day low of 65.72 per dollar during the day.
Stating that it was a matter of time before the prices of petrol, diesel and fertilisers went up, he said, "This is going to severely affect the common man by way of further price rise."
"I only hope that the UPA government that came to power on the plank of 'aam admi' will not further inflict price rise on 'aam admi," Patnaik added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 27 2013 | 4:15 PM IST

Next Story