KOLKATA: West Bengal Chief Minister Mamata Banerjee raised concerns over the fall of the rupee after the Indian currency hit a new low on Thursday. "After demonetisation disaster and now Rupee slide, informal sector and small businesses will be further killed. Farmer distress will be compounded," she tweeted.
"Rupee crashes to its lowest ever. We are very concerned. Oil imports bill will now jump. Prices for vegetables will go up," she added.
Raising an alarm she said, "Time is running out. The writing is on the wall!! #RupeeCrash".
The rupee on Thursday slumped 43 paise against the dollar to trade at a life-time low of 70.32 on strong demand for the US currency.