SHIMLA: Rightwing BP leader Vajpayee Wednesday said his party feared another dose of de- Valuation of the rupee and urged to bowing to the IMF.
Vajpayee told reporters here that the Federal Finance Minister, Manmohan Singh has assured that there would be no further devaluation, but the BJP feared that the government might succumb to pressure from the IMF.
He said the wade and industrial policies of the government had not yielded the desired result and exports had filed to pick up.
He said the govt had slashed imports but they picked up due to stiff completion intentional market and high standards.
He said the foreign counties were more interested in Indian raw material than in the finished goods.
Article extracted from this publication >> October 4, 1991
