"Huge fall...": Manish Tewari moves adjournment motion in LS, demands debate on rupee's poor performance

New Delhi [India], December 5 (ANI): Congress MP Manish Tewari on Friday moved an adjournment motion in the Lok Sabha, demanding that the poor performance of the rupee be discussed in the Lower House after the Indian currency continued to decline to a new low of 90.43 against the dollar.
"On 23rd of May 2014, the value of the Indian rupee to the US dollar was rupees 58.54. On the 3rd of December 2025, the value of the rupee to the US dollar touched 90.15. This represents a huge fall in the value of the rupee that is 1 US dollar has become more expensive by 32 in the past eleven year. Request permission to raise this matter as an impacts, each and every citizen of India," the adjournment motion submitted by Chandigarh MP stated.
The Indian rupee plunged to an all-time low against the US dollar, crossing the psychologically significant 90 mark amid foreign fund outflows.
The development came amid firm crude oil prices and perceived uncertainty around the India-US trade deal. The Indian Rupee has been among the poorest-performing Asian currencies in 2025, falling by about 4-5%.
Questioning the ruling BJP's stance on the Indian Rupee depreciating against the US Dollar, which recently crossed the 90-mark, Congress leader Priyanka Gandhi Vadra on Thursday asked what their take is on the Dollar's value, which was high during the Manmohan Singh government.
Speaking to the reporters, Priyanka Gandhi Vadra asked, "What did they use to say when Dollar's value was high (against Rupee) during Manmohan Singh government? What is their response today? Ask them. Why are you asking me?"The Congress leader's comments come amid concerns that the Indian Rupee has been among the poorest-performing Asian currencies in 2025, falling by about 4-5 per cent. However, experts have highlighted some sectors that could benefit from the plunging Rupee.
Earlier, Congress MP Manish Tewari recalled the time the BJP mocked the United Progressive Alliance (UPA) regime over the falling rupee, and noted that the current rate has far exceeded even the age of Prime Minister Narendra Modi.
Tewari said that during the time of the UPA leadership, the BJP had mocked the government for the falling rate, with BJP spokesperson Ravi Shankar Prasad saying in 2013, "The worth of the Indian rupee against the dollar was equivalent to Rahul Gandhi's age when the United Progressive Alliance (UPA) came to power. Today it is equal to Sonia Gandhi's age, and very soon it will touch Manmohan Singh's age." (ANI)