Likely that by the end of the month Rupee may go down to as low as 70 to USD . Meanwhile, INR crossed 65 mark and Finance Minister , P Chidambaram still assured there is no reason for unwarranted pessimism and that rupee is undervalued and has overshot the appropriate level. 🙂
Finance Minister P Chidambaram appealed for calm and requested people not to panic saying that the sharp falls in domestic markets that sent the rupee to a record low were a reaction to global developments after markets crashed on Friday and rupee hit a record low 62 to USD yet again.
Union Finance Minister is asking people not to worry over rupee’s constant fall. With INR breaking its all time low every other day, the investors, both foreign and domestic are scared to put money in Indian markets.Someone can you please trust P Chidambaram Saab. 😉 All is Well.. All is Well !! 😀
Home Minister,P Chidambaram’s statement on common man – “we are prepared to pay Rs 15 for a bottle of water, but we can’t bear to pay Re 1 more of 1 kg of rice or wheat, we are prepared to pay Rs 20 for an ice cream cone, but we can’t pay Re 1 more for one kilo of wheat or rice” has been criticized by opposition party BJP who believe Chidambaram does not understand common man’s problems !
Well, rice and wheat is consumed on a daily basis hence even an increase of a Rupee would affect every concerned household compared to the cost of ice-creams and bottled-water which are consumed less frequently.
Pakistani Interior Minister,Rehman Malik, rubbished 26/11 Mumbai terror attack plotter Syed Zabiuddin Ansari alias Abu Jindal’s claims of ISI’s involvement in the 26/11 attacks.Abu Jindal who was recently caught in Delhi Airport has revealed he was in Karachi Head-Quarters,dictating the terrorists who had entered Mumbai.On the contrary, Rehman Malik blamed Indian Home Minister, P. Chidambaram of “unnecessarily targeting ISI” and claimed that all the allegations against ISI,the intelligence agency of Pakistan, till now have been proven to be wrong.
Well, its like a small child getting caught doing mischief and even after knowing that he has been seen doing so ,denies allegations. Pakistan, as always, keeps denying to its invlovment in conspiracies against India.The question is how long will this continue ?
P Chidambaram, currently, the Home Minister of India, invoked statement of Jesus Christ to dismiss the BJP’s allegation that he or his son Karthi had financially benefited from a telecom deal in 2006 as the then finance minister, in the Lok Sabha.