As the government cheers its 1 lakh crore gamechanger Food bill. The rupee is scared over its repercussions on the economy. Indian Rupee fell to a new low of 65.71 against the dollar after the Lok Sabha passed the crucial bill which might put pressure on the high current account deficit.

Even the markets felt the jitters both Sensex and Nifty crashed in opening trade and are still trading with huge losses. But the finance minister has refuted any such concerns claiming government can afford a vast new food program for the poor despite concern about its impact on the strained public finances.

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