Clear indication of govt's 'economic blunders', 'mismanagement': Cong on rupee hitting all-time low

The Congress on Tuesday slammed the Centre over the rupee slumping to an all-time low of 84.09 against the US dollar and said this was a clear indication of the government’s “economic blunders” and “mismanagement”.

The rupee slumped 37 paise to settle at an all-time low of 84.09 against the US dollar on Monday, following a sell-off in broader global markets amid rising geopolitical tensions in the Middle East and worries over recession in the US.

The rupee recovered from its all-time low level and settled for the day 16 paise higher at 83.93 (provisional) against the US dollar on Tuesday.