New Delhi, Dec 4: During Zero Hour in the Rajya Sabha on Thursday, Congress MP from Madhya Pradesh Vivek Tankha voiced deep concern over what he described as the “freefall of the Indian rupee” and the widening economic distress affecting ordinary citizens across the country.

Calling the issue “extremely topical and urgent”, Tankha said the currency’s sharp decline was inflicting widespread financial strain on households, businesses and key sectors of the economy.

Tankha noted that the rupee had crashed past Rs 90 per US dollar — touching between 90.14 and 90.19 — marking the weakest level in India’s history. Over the past five years, he said, the rupee has lost between 20 per cent and 27 per cent of its value, effectively reducing the purchasing power of people’s income by nearly one fourth. In global terms, the rupee has fallen 5 per cent this year alone, its steepest drop since 2022, making it one of Asia’s worst-performing currencies in 2025.

He further highlighted that India recently recorded a monthly trade deficit exceeding USD 40 billion, underscoring how sharply imports outweigh exports. At the same time, foreign investors have withdrawn more than USD 17 billion from Indian markets this year — the largest outflow in several years — drying up capital and weakening investor sentiment.

“FDI flows are stagnant, external borrowings have slowed, and the world is becoming increasingly wary of India’s external stability,” Tankha warned.

Emphasising the direct impact on citizens, he said that every bout of rupee depreciation makes imports costlier, and India relies heavily on imported fuel, cooking gas, electronic machinery and medicines. A 5 per cent fall in the rupee, he explained, pushes inflation up by 30-35 basis points.

“Every household ends up paying more. Food prices rise, transport costs increase, and a chain reaction follows that hits the poor the hardest,” he said.

The middle class, he added, is also feeling the squeeze as the prices of smartphones, laptops, medical equipment, school supplies, clothing and household appliances rise due to India’s dependence on imported components.

“For the common person, a falling rupee feels like a salary cut without the employer informing you. Your money buys less every day,” he remarked.

Tankha also drew attention to the pressure on Micro, Small and Medium Enterprises (MSMEs), many of which rely on imported raw materials. These businesses are facing a 20-30 per cent rise in input costs, shrinking already thin margins.

Machinery imports have become more expensive, slowing expansion and putting jobs at risk. Exporters, he said, are not gaining from the weaker rupee because major export sectors — such as textiles, chemicals and engineering goods — depend heavily on imported intermediaries.

“Small manufacturers are caught in a double blow: higher costs and weaker demand,” he said.

Companies with foreign currency loans are also struggling, with repayment costs rising by 15-20 per cent due to the rupee’s depreciation, weakening corporate balance sheets and threatening financial stability.

A falling rupee, Tankha added, discourages overseas investors, creating a “vicious cycle” where declining confidence further accelerates currency pressure. “As the rupee falls, investors pull out, and markets shift,” he cautioned.

Tankha urged the government to recognise the seriousness of the situation and take urgent corrective measures to stabilise the currency and safeguard vulnerable sectors of the economy.

Raipur, Dec 4: India batter Ruturaj Gaikwad, who scored his maiden ODI century in the second match against South Africa, said he felt “quite confident” about adapting to the No. 4 position, which he had never played in the 50-over format, adding that he felt privileged to receive such trust from the team management despite being a regular opener.

Gaikwad, who had batted 86 times in List A cricket but never below No. 3, started the series with 8 off 14 balls in Ranchi before scoring 105 off 83 balls at the Shaheed Veer Narayan Singh International Stadium.

His innings, which he said was his best across formats and levels, was laced with 12 fours and two sixes, at a strike-rate of 126.51. He reached his fifty off 52 balls, before accelerating in superb fashion to get his first ODI century in just 77 deliveries.

“The team management told me that I would be batting at No. 4 this series. I feel it’s a privilege to have that kind of confidence from the management towards an opener. So I took it that way,” Gaikwad said at the post-match presser.

“In the one-day format, even when I was opening the innings, I always tried to make sure that whenever I was set, I was able to bat till the 45th over and capitalise after that. So I knew somewhat how to play between overs 11 to 40, how to rotate strike, what the boundary options were. So I was pretty much confident about how I could go through the innings.

“It was just a matter of how I could play my first 10-15 balls, and after that, the process remains the same. I have been working really hard, and obviously been in good touch as well. So I wanted to make sure that whenever I am set, I make it a big one,” he added.

Gaikwad also stitched a huge 195-run third-wicket stand with batting stalwart Virat Kohli, who scored his second hundred in as many games and overall his 53rd ODI ton.

Asked about his partnership with Kohli, Gaikwad said it was a moment he dreamed of. “I have been able to witness him since last one week now,” he said. “Whatever practice sessions we have had, he is batting unbelievably well… the amount of time he has and how he is able to convert it in the match as well. And even this game, I enjoyed a lot. Mostly, I was trying to be in my zone and not really think about how he is batting or how he is able to score runs,” he said.

Gaikwad continued, “The chat in between was very clear. We had set 5-5, 10-10-run target and discussed how to manoeuvre the gaps or how to hit those boundaries, how we can rotate strike.

“So the chat was around that. I think we had really good running between the wickets as well. Obviously, you dream of these kinds of moments and to be able to have that kind of partnership, I really enjoyed a lot.”

But Kohli and Gaikwad’s centuries went in vain as a clinical and collective effort from South Africa guided the visitors to a series-levelling four-wicket win in the second in Raipur.

Palghar, Maharashtra: The Mira-Bhayandar–Vasai Virar Police rescued two young girls on Monday, December 1, from the custody of a Bangladeshi woman allegedly running a prostitution racket from her rented flat in Mira Road.

Acting on a tip-off, Senior Police Inspector Sheetal Mundhe of the Women Atrocities Prevention Cell & Special Juvenile Protection and Care Unit received information that 39-year-old Sultana Momotaj Saiyyad was operating a sex racket from her residence at Gaurav Woods Phase-1 in Hatkesh, Mira Road (East). According to officials, Sultana sent photographs of girls to prospective clients on WhatsApp and arranged sexual services in exchange for money.

After verifying the information and completing legal formalities, a decoy customer was sent to the location. Police conducted a raid in the presence of panch witnesses. Sultana was detained after she allegedly accepted ₹12,000 as payment for arranging two girls for sex work. Both victims were immediately rescued and placed under protective care at the Rescue Foundation in Kandivali (West), Mumbai.

A second accused, Bhagyashree Lohar, alias Guddi, a resident of Chembur, is currently absconding. Efforts are underway to trace and arrest her.

Based on a complaint filed by Police Constable Ghanshyam Khairnar, the Mira Road Police registered an FIR under Sections 143(3) and 3(5) of the Bharatiya Nyaya Sanhita, 2023, along with Sections 3, 4, and 5 of the Immoral Traffic (Prevention) Act, 1956.

The operation was carried out under the guidance of Commissioner of Police Niket Kaushik, DCP (Crime) Sandeep Doiphode, and ACP (Detection) Madan Ballal. The team included officers from the Women Atrocities Prevention Cell, Special Juvenile Protection Unit, and Cyber Cell.