Rising crude prices, falling rupee posing some challenges: Rajnath Singh

He said under the Modi rule, India had emerged from the shadows of current account deficit

Rising crude oil prices and falling rupee are posing some challenges before the policymakers, union home minister Rajnath Singh said in Lucknow on Tuesday.

However, he asserted that in spite of these challenges, the Narendra Modi government had managed to keep both current account deficit and fiscal deficit under check.

“Although, high crude prices and falling rupee are challenging factors for the government, yet there is no threat to the Indian economy, especially due to the buffer of our robust foreign exchange reserves of over $400 billion,” Singh added.

Flanked by Uttar Pradesh chief minister Yogi Adityanath, he was addressing