Home News Reports Financial experts give Nidhi Razdan a reality check after she tried to mock Rupee at 70

Financial experts give Nidhi Razdan a reality check after she tried to mock Rupee at 70

The poor man’s Barkha, Nidhi Razdan of NDTV has a penchant for making a fool of herself on social media. In the past, she has been lampooned by social media users for revealing her ignorance on all sorts of issues: Be it RSS, or loan “write-offs” or even basic statistics. But such minor issues do not stop foolish fearless journalists.

Today, the rupee breached the Rs 70 per dollar mark. Wasteful journalists would have spent time trying to analyse this from an economic perspective, but smart cookies like Nidhi chose to do some more meaningful work: digging up old tweets of BJP supporters. Nidhi pulled up a tweet from 2013 by one such supporter, who had expressed anguish about the rupee heading to 70.

The tweet which Nidhi dug up was from 2013, and Nidhi thought it best to use it to make a point. Unfortunately, far from making her point, this tweet actually ended up proving the opposite.

- Ad - - article resumes -

Sandeep Parekh, a financial sector lawyer attempted to explain the same to her i.e. if the rupee had reached near 70 in 2013 and after 5 years, it had re-reached that mark, and considering the inflation rate and the expected depreciation in the rupee, the currency had actually performed better than expected:

Similarly, another banker laughed off the “class IV maths” of Nidhi:

Perhaps, if Nidhi had spent time reading up, instead of digging up (old tweets), she would not have been in this position. Other financial experts and economists also weighed in on the rupee issue and explained in detail why this was inevitable:

They highlighted various facts such as how the rupee had actually gained by 20% in 4 years, in terms of the real effective exchange rate and was actually gaining power internationally. Hence, keeping in mind domestic inflation, there was bound to be a time when the rupee finally fell. Further, international pressures like the Lira crashing by 70% also had its impact on the rupee, as other global currencies too saw pressure.

Of course, these are small issues to big journalists like Nidhi Razdan, who in spite of getting it from Left, Right and Centre, would probably prefer to hold her shaky ground, rather than admitting that the Buck stops here. We only hope her prime-time debate focuses on facts, or else it might end up being another occasion when she conducts an entire debate on fake news. 

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

Strange rumours are coming out of Kashmir. Shah Faesal, supposedly, is Doval's stooge.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Here is why Prannoy Roy and Radhika Roy were stopped at the airport and were not allowed to leave the country

Radhika and Prannoy Roy of NDTV have said that they were not allowed to leave the country because of a concocted ICICI loan case. Read about that case in details

P Chidambaram finally arrested by CBI after officers scale wall of his residence as the gates were locked

Chidambaram arrested from his residence after he addressed a press conference at Congress office

Is Shah Faesal Ajit Doval’s asset? Unlikely, Swati Chaturvedi may be unwittingly helping the central government

Strange rumours are coming out of Kashmir. Shah Faesal, supposedly, is Doval's stooge.

Read full details of new FIR filed by CBI: Prannoy Roy, Radhika Roy and Vikram Chandra accused of criminal conspiracy, cheating and corruption

A new FIR has been filed by the CBI against Prannoy Roy, his wife, Radhika Roy, and former CEO of NDTV, Vikram Chandra in a case related to money laundering.

Poetic Justice: P Chidambaram falsely hounded Amit Shah and Narendra Modi, now he is on the run for his own transgressions

When P. Chidambaram was the Union Home Minister, Amit Shah was unceremoniously arrested and slapped with charges of murder, extortion, and kidnapping among others over the Sohrabuddin encounter case.

The Zomato controversy: Their business plan, the dispute and a dark tale of greed, exploitation and fear

The controversy stems from deep discounting, favouritism, monopolistic trade practices amongst others, creating a rift between the delivery platforms like Zomato and Restaurateurs
Hartosh Singh Bal resorts to factually incorrect details to target Amit Shah

Fact-Check: Unlike Chidambaram who tried to escape from law, Amit Shah resolutely faced trial and was acquitted

Hartosh Singh Bal equated P Chidambaram's disgraceful escape with Amit Shah's tenacity to face the law

Political Editor of The Hindu condones violence by Congress workers who beat up a man who shouted ‘Chidambaram Chor Hai’

Congress worker beats up a man for shouting 'Chidambaram Chor Hai', The Hindu Political Editor Nistula Hebbar shows excitement at the unruly behaviour.

All that Pakistan is left with is a war of misinformation: Here are the myths and propaganda about Kashmir

Pakistan has gone to the two of the most dangerous forces for support- A fanatic faith and cruel communism, latter being more fanatic than the former.

You are a glorified broker who takes all the credit for our product: Restaurateur rips Zomato apart in an open letter

'You are merely a delivery agency. It is not your product. Just do your job and deliver the food', restaurant owner writes to Zomato
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

181,092FansLike
171,836FollowersFollow
90,182SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post