Rahul Gandhi Slams Centre Over Rupee Fall, Warns of Inflation Surge

Congress MP Rahul Gandhi on Saturday criticised the Central government over the weakening of the Indian rupee and rising industrial fuel prices amid escalating tensions in West Asia.

Post Published By: Rohit Goyal
Updated : 21 March 2026, 8:42 PM IST

New Delhi: Leader of Opposition in Lok Sabha and Congress MP Rahul Gandhi on Saturday criticised the Central government over the weakening of the Indian rupee and rising industrial fuel prices amid escalating tensions in West Asia.

Rahul expressed concern that the falling value of the rupee and increased fuel costs could trigger higher inflation in the coming months. His remarks come after the rupee slipped below the 93 mark against the US dollar, indicating continued pressure on the domestic currency.

In a post on X, he said the rupee weakening towards the 100 mark, along with a sharp rise in industrial fuel prices, are “clear signals of the inflation to come.” He added that production and transportation costs would increase significantly, while Foreign Institutional Investors (FIIs) may withdraw investments from the Indian stock market.

Gandhi also alleged that the government led by Prime Minister Narendra Modi is offering “empty rhetoric” instead of presenting a concrete economic strategy to address the situation.

The statement comes at a time when global uncertainties and geopolitical tensions are adding pressure on emerging market currencies, including the Indian rupee.

Location : 
  • New Delhi

Published : 
  • 21 March 2026, 8:42 PM IST