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Rupee Sinks Below 74 But Piyush Goyal Thinks it is Going Through a ‘Golden Run’

The senior BJP leader also said the nature of jobs in India is changing and that only government jobs could not provide growth.

File photo of Union Minister Piyush Goyal. (Image: PTI)

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New Delhi: As the Indian rupee dipped further on Friday, Minister of Railways Piyush Goyal said this is the best period for the Indian rupee in the last 15 years.

“Rupee has only depreciated 7 percent in the last 5 years. This is the best period for the Indian rupee. It’s a golden run,” said Goyal while speaking at the Hindustan Times Leadership Summit.
The rupee has been depreciating since March this year. However, at the end of August, currencies such as Russian Ruble, Japanese Yen, the South Africa’s Rand and the Mexican Peso have all had double digit depreciation against the US Dollar.

Rupee slumped to a lifetime low of Rs 74 against the US Dollar on Friday.
The senior BJP leader said that the nature of jobs in India is changing and that only government jobs could not provide growth.

“Nature of jobs in the world is changing. Everybody wanted to join railways, government before but now entrepreneurial ideas are coming up,” added Goyal.

“If you are driving an Uber in Delhi, you are providing a service. This government is encouraging entrepreneurship and innovation,” said Goyal.

Piyush Goyal added that he wanted to revive the charm of the Railways.

“It’s been 366 days since I took over as Railways minister. I have had one mantra – To bring the charm back to rail travel”, said Goyal.

Source: News18