{
 "no": 38,
 "id": "case-38",
 "sk": 20260520,
 "year": 2026,
 "date": "2014 to 2026",
 "cat": "Economic shock",
 "sev": "amber",
 "title": "The falling rupee. The yardstick they buried",
 "stamp": "Own metric, quietly abandoned",
 "human": {
  "v": "Costlier fuel, imports, foreign study and medicine for every household",
  "est": true
 },
 "cost": {
  "v": "From ~<b>₹59</b> per dollar in May 2014 to a record ~<b>₹96.8</b> in May 2026",
  "est": false
 },
 "what": "The rupee slid to a series of record lows through 2026, touching around 96.8 to the US dollar, having stood near 59 when this government took office in 2014.",
 "dodge": "The party that once brandished a falling rupee as proof of the previous government's weakness has presided over a far steeper slide, and now waves it away as the work of global forces alone. Whatever the mix of causes, the silence on its own former yardstick is its own small act of unaccountability.",
 "ministers": [
  {
   "n": "Nirmala Sitharaman",
   "r": "Finance Minister"
  },
  {
   "n": "Reserve Bank of India",
   "r": "Currency management"
  }
 ],
 "pos": "The government points, with some justification, to a strong dollar, high oil prices, US tariffs and global capital flows.",
 "alt": "Apply one honest standard over time, name the real causes without spin, and stop treating a currency as a scoreboard only when it suits.",
 "sources": [
  {
   "label": "The Hindu: rupee closes at record 96.83, May 2026",
   "url": "https://www.thehindu.com/business/markets/rupee-slips-13-paise-to-hit-fresh-lifetime-low-of-9683-against-us-dollar/article71001792.ece",
   "tier": 2,
   "archiveUrl": "http://web.archive.org/web/20260520113922/https://www.thehindu.com/business/markets/rupee-slips-13-paise-to-hit-fresh-lifetime-low-of-9683-against-us-dollar/article71001792.ece"
  },
  {
   "label": "The Hindu: rupee at record 96.52, May 19 2026",
   "url": "https://www.thehindu.com/business/markets/indian-rupee-us-dollar-may-19-2026-forex-markets/article70997255.ece",
   "tier": 2,
   "archiveUrl": "http://web.archive.org/web/20260519092441/https://www.thehindu.com/business/markets/indian-rupee-us-dollar-may-19-2026-forex-markets/article70997255.ece"
  }
 ],
 "caseUrl": "https://whoisresponsible.xyz/case/case-38/"
}