August 2, 2022
Luizinho Faleiro’s Supplementary Question on ways to arrest the collapse of the rupee
Mr. Vice-Chairman, Sir, I appreciate the reply given. But, the fact is for the last six months, the rupee has depreciated 28 times by 34 per cent. I was reading today’s newspaper which says it will further depreciate. And, the fact is that the foreign exchange reserve has declined to US dollar 572 billion by mid-July because of pressure of costly imports of crude oil, coal, gold, etc. This is having a very bad effect on the economy. Can the hon. Minister assure us that something will be done immediately to arrest the collapse of the rupee?
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