{"id":259111,"date":"2022-10-28T07:17:09","date_gmt":"2022-10-28T07:17:09","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=259111"},"modified":"2022-10-28T07:17:09","modified_gmt":"2022-10-28T07:17:09","slug":"mallikarjun-kharge-points-out-indias-reserves-declines-by-nearly-85-billion","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2022\/10\/mallikarjun-kharge-points-out-indias-reserves-declines-by-nearly-85-billion\/","title":{"rendered":"Mallikarjun Kharge points out India&#8217;s reserves declines by nearly $85 billion"},"content":{"rendered":"<h2>&#8216;Would PM Modi say anything on this?&#8217; Mallikarjun Kharge asks while pointing out India&#8217;s reserves declined by nearly $85 billion<\/h2>\n<p>Congress President Mallikarjun Kharge demanded answers from the prime minister and the finance minister on Thursday, October 2022, over a sharp decline in India&#8217;s foreign exchange reserves in the first half of the financial year and alleged that the rupee is amongst the most depreciated currencies in the emerging markets. Alleging that India&#8217;s forex store dipped faster than its peers, Kharge claimed that there was a decline of USD 85 billion in the forex reserves in the first half of the fiscal.<\/p>\n<p>Mallikarjun Kharge claimed that there was a decline of USD 85 billion in the forex reserves in the first half of the fiscal and alleged that India&#8217;s forex store dipped faster than its peers<\/p>\n<p>Mallikarjun Kharge shared this<br \/>\n\u27a4 India&#8217;s forex reserves declined by nearly $85 billion in the first half.<\/p>\n<p>\u27a4 In emerging markets, the Indian rupee is amongst the most depreciated currencies.<\/p>\n<p>Would the Finance Minister or the PM have anything to say on this?<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u27a4 India&#39;s forex reserves declined by nearly $85 billion in the first half.<\/p>\n<p>\u27a4 In emerging markets, the Indian rupee is amongst the most depreciated currencies.<\/p>\n<p>Would the Finance Minister or the PM have anything to say on this? <a href=\"https:\/\/t.co\/x9LgqmwjbH\">pic.twitter.com\/x9LgqmwjbH<\/a><\/p>\n<p>&mdash; Mallikarjun Kharge (@kharge) <a href=\"https:\/\/twitter.com\/kharge\/status\/1585571988936216577?ref_src=twsrc%5Etfw\">October 27, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He also shared a chart showing a fall in the foreign exchange reserves as compared to other countries and also highlighting the Indian rupee falling by 10.2 percent against the British pound strengthening by 20.2 percent, Euro strengthening by 16 percent, and the Australian dollar by 15.3 percent.<\/p>\n<p>&#8220;India&#8217;s forex reserves declined by nearly $85 billion in the first half. In emerging markets, the Indian rupee is amongst the most depreciated currencies. Would the Finance Minister or the PM have anything to say on this?&#8221; Kharge asked on Twitter. &#8220;India&#8217;s forex store dips faster than peers,&#8221; he said.<\/p>\n<p>Congress has been attacking the government over the declining value of the Indian rupee and the fall in the country&#8217;s foreign exchange reserves.<\/p>\n<p>In the merging markets, the Indian rupee is amongst the most depreciated, and jibes are made about Nirmala Sitaram, the Finance Minister&#8217;s statement where she said that it is not the rupee falling but the dollar is getting stronger.<\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.hamslive.com\/news\/2022\/10\/mallikarjun-kharge-points-out-indias-reserves-declines-by-nearly-85-billion\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>&#8216;Would PM Modi say anything on this?&#8217; Mallikarjun Kharge asks while pointing out India&#8217;s reserves declined by nearly $85 billion Congress President Mallikarjun Kharge demanded answers from the prime minister and the finance minister on Thursday, October 2022, over a sharp decline in India&#8217;s foreign exchange reserves in the first half of the financial year [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":259113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,106],"tags":[5626,5056],"class_list":{"0":"post-259111","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-india","8":"category-politics","9":"tag-congress-president-mallikarjun-kharge","10":"tag-mallikarjun-kharge"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mallikarjun Kharge points out India&#039;s reserves declines by nearly $85 billion<\/title>\n<meta name=\"description\" content=\"&#039;Would PM Modi say anything on this?&#039; 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