The opposition has stepped up pressure on the government and Prime Minister Narendra Modi over the depreciating rupee and rising inflation fears. Shiv Sena leader Sanjay Raut demanded Modi's resignation, saying it's time for him to leave. Raut pointed out that the rupee's downward spiral began when Modi became Prime Minister and accused him of being busy with election campaigns.
Rahul Gandhi, the leader of opposition in the Lok Sabha, had earlier flagged the rupee crash and rising fuel costs as early warning signs of a looming inflation crisis. He warned that increasing production and transportation costs would hit MSMEs the hardest, trigger a spike in daily expenses, and put further pressure on the stock market.
West Bengal Chief Minister Mamata Banerjee has also made the rising cost of LPG and fuel a major issue in the poll-bound state, questioning the Centre's intention behind the LPG crisis.
