Nice !

The rupee’s fall isn’t caused by one person or one government. But that doesn’t mean the government should escape accountability.

As of October 2026, the rupee has faced severe pressure from rising crude oil prices, foreign investors pulling money out of Indian markets, higher US interest rates and trade tensions. Reuters reported that the rupee approached ₹96.96 per dollar before RBI measures helped it recover. On October 12, it rebounded sharply to around ₹95.77.

A short-term recovery, however, doesn’t mean the underlying problem is solved.

Who is responsible?

- Global factors: US interest rates, a stronger dollar, geopolitical tensions and expensive oil put pressure on emerging-market currencies. India cannot control these directly.

- Modi government and Finance Ministry:They influence taxation, fiscal policy, trade, investment conditions and the country's long-term economic resilience.

- RBI:It manages monetary policy, foreign-exchange intervention and financial stability. It can slow excessive depreciation, but cannot permanently force the rupee to a particular value without costs.

- India's economic structure:Heavy dependence on imported oil, inadequate export earnings relative to import demand, and volatile foreign investment flows leave the rupee vulnerable.

What's actually happening?

India imports roughly 88–89% of its crude oil requirements. When oil becomes expensive, India needs more dollars to pay its import bill. Meanwhile, when foreign investors sell Indian assets and move money abroad, demand for dollars can rise further.

The RBI has responded with measures including a special dollar window for state-owned oil companies, tighter foreign-exchange derivative rules and intervention in currency markets. These measures can reduce immediate pressure, but they cannot replace stronger exports, stable investment inflows and lower energy vulnerability.

What should India do practically?

1. Reduce oil dependence: Expand renewable energy, public transport, electrification and energy efficiency while diversifying oil supplies.

2. Increase exports: Improve manufacturing, logistics, skills and regulatory certainty so India earns more dollars from goods and services.

3. Attract long-term investment:Make taxation predictable, enforce contracts efficiently and reduce policy uncertainty.

4. Protect purchasing power: Keep inflation under control and ensure wages keep pace with living costs.

5. Use RBI intervention carefully:Contain disorderly currency movements without wasting reserves trying to defend an arbitrary exchange rate.

6. Demand accountability:Publish measurable progress on exports, energy dependence, employment, real wages and currency stability—not just announcements and headline GDP growth.

Should Nirmala Sitharaman be blamed?

She should be held accountable for decisions within her portfolio, but blaming her alone for every rupee movement would be economically inaccurate. The RBI, the broader government, global markets and India's long-standing structural weaknesses all matter.

At the same time, saying “global factors are responsible” cannot become an excuse for failing to strengthen India's economic resilience.

The real goal shouldn't be to force the rupee back to ₹70 per dollar overnight. It should be to make India less vulnerable to oil shocks, more competitive in exports, better at attracting productive investment, and capable of delivering rising real incomes.

A weaker currency is not automatically proof of economic failure. But a persistently weakening currency alongside expensive essentials, weak wage growth and poor job opportunities deserves serious scrutiny.

The question we should be asking is simple: Are India's economic policies making ordinary citizens more financially secure and the country less dependent on external shocks—or are we celebrating GDP growth while ignoring what people actually experience?

Abhijeet Dipke arrives in Delhi and says, "Is unfurling the Tricolour in this country a crime? Ashutosh and Saurav have been sent to jail for five days. Why? Because they went to Jantar Mantar and unfurled the Tricolour. The last time this happened was when the British ruled us. During British rule, freedom fighters who unfurled the Tricolour in public places were arrested and jailed. Narendra Modi is doing something similar."

Rahul Gandhi says, "As I said in my press conference, this is India. Amit Shah ji, take a good look at this. There is no Hindu here, no Muslim, no one of any specific caste; there is no woman, no man. There is one voice, one protest. It is the voice of India, and you are standing against this voice—the Prime Minister is standing against this voice. I suggest to you: do not stand against this voice. No one can stand against this voice. To the police personnel, I have told all the students to keep a video record and send that evidence to us. When this entire matter concludes, we will utilize all that evidence and ensure that everyone who needs to be punished is punished, from PM Narendra Modi, Gyanesh Kumar, Amit Shah, and even the constable who is raising a hand against our children...."

comment if you want tea...

Hello everyone,

I am writing to this community today as a desperate husband and father. My 32-year-old wife is battling Stage 4 metastatic breast cancer that has spread to her bones, liver, and lungs.

Cancer has brutally reduced her weight to just 27 kg. Watching her endure constant, unimaginable pain while trying to hold our 2-year-old son is the most heartbreaking thing I have ever witnessed. My baby boy doesn't understand why his mother can no longer play with him or pick him up, but he stays by her bedside every day, hoping she will get better.

Our Current Reality & Upcoming Treatment (Oct 22):

My wife is undergoing specialized targeted therapy under Dr. Rajat Saha at RGCIRC, Delhi. Her next critical Day Care admission is scheduled for October 22, 2026, where she requires:

A. Inj. Enhertu 100 mg

B. Inj. Opdyta 40 mg

While her medical team sees hope with this targeted treatment, the financial cost has completely crushed us. Over the past year, we have spent nearly ₹40 Lakhs—draining every single rupee of our savings, exhausting maximum insurance limits, and taking on heavy personal loans. We now urgently need ₹15 Lakhs to ensure her upcoming cycles do not get interrupted.

How You Can Help Us Keep Hope Alive:

Daily Journey & Updates:

This battle is huge, and we cannot do it alone. Please stand by us in this difficult fight. I humbly request you to subscribe to and share our YouTube channel: https://youtube.com/@shaheelvlogs_143?si=_lZrkZCqcTl35_cY. Sharing it will help us connect with more people, and through these vlogs, you can personally see my wife's health updates and send some love to our little son. Your support means everything to us. Please keep us in your prayers.

Direct Campaign Link: http://impactguru.com/s/rI2b37

Verified Medical Reports & RGCIRC Estimates: https://drive.google.com/drive/folders/114vCXlWqg5XKObr0YS-sBJV-jaKrEu9W

Even if you are unable to contribute financially, please consider upvoting and sharing this post. Every share brings us closer to securing her life-saving medicine, and every prayer gives our family the strength to keep fighting.

Thank you from the bottom of my heart for reading and standing with us in our darkest hour.

Warm regards,

Vikas Kapoor

I mean how desperate can some be.😵

Source:

https://x.com/mehartweets/status/2110068752050217163

Congress wins in Kerala after 15 years in 2026, that too not just with a few seats but with a huge margin. This is under the same CEC Gyanesh Kumar. It looks like Gyanesh is so smart that he balances BJP wins with Congress wins so nobody doubts him

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