NEW DELHI: The Congress said on Monday that Nirmala Sitharaman is eligible for a Ph.D. in Economics in response to her claim that the dollar is rising while the Indian rupee is not falling.

"I don't know much about economics, but according to the school of political spin, Y'Y@nsitharaman is qualified for a PHD. When the rupee opens at 82.37 to the dollar, FM @nsitharaman claims that the currency is not falling "Manish Tewari, a congressman, tweeted.

Sitharaman said at a press conference in Washington on Friday that the rupee has outperformed many developing market currencies and has weathered the rise of the dollar.

"I will interpret this as the dollar gaining rather than the rupee falling. In actuality, the rupee has managed to withstand the strengthening of the dollar. However, it has outperformed a lot of other emerging market currencies "She said.

The Reserve Bank of India is attempting to stop its decline and control its volatility, the finance minister stated.
I' will just suggest that the rupee will level out on its own, she added.

The Finance Minister claimed that despite growing inflation and skyrocketing food costs, the economic fundamentals "remain good."

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