In the graph below, the first arrow points at the previous record low at Rs 68.86 per dollar on November 24, 2016, which was reported in an article published by NDTV Profit, while the second arrow points to the all-time low on June 28, 2018. UPA 2 (May 22, 2014-May 26, 2014) Source: The Wall Street Journal NDA Regime (May 26, 2014-present) The red arrow on the graph posted below delineates the point of fall. However, the historical data on exchange rates of USD to INR from the Wall Street Journalshows that the value of rupee did fall to a low of 68.8 on Aug 28, 2013. While the exchange rate of USD to INR on May 26, 2014, the day Narendra Modi was sworn as the Prime Minister of India, was 58.66. In the period to May 16, 2014, the INR-USD exchange rate was highest on at 1 USD = 63.10 INR. Singh demitted the office of Prime Minister was 58.57. According to a website the value of rupee against US dollar on May 17, 2014, the day Dr. Manmohan Singh demitted office and Narendra Modi assumed office was 68. The above post tries to suggest that the value of INR against USD when Dr. Moreover, the claim has also been shared on Facebook and Twitter. The message was posted by a Twitter user called Squint Neon( on Jand got retweeted over 1000 times. The Indian currency had slipped to an all-time low, pegged at Rs.69.0925 to the dollar on June 28, 2018. The viral message questions the public rage( #RupeeAllTimeLow) against the rupee’s lifetime record fall against the dollar by suggesting that the Rupee vs Dollar equation deteriorated much more during UPA-II than the present regime and that the rupee-dollar exchange rate slipped by only one rupee in the period 2014-2018. “ Under gold medalist Havard economist 1 Dollar – Rs 39(2008) 1 Dollar – Rs 68 (2014) Under Chaiwala 1 Dollar – Rs 68(2014) 1 Dollar – Rs 69(2018) What this all Ranty-Rona all about?” This message which is viral on social media makes a comparison between the exchange rate of United States Dollar(USD) to Indian Rupee(INR) during the term of “gold medalist Havard economist” (Former Prime Minister Manmohan Singh) and “Chaiwala” (Prime Minister Narendra Modi).
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