‘Convenient deflection from crisis’: Zoho’s Sridhar Vembu sparks a row for blaming Indira Gandhi for devaluing rupee

Zoho founder Sridhar Vembu is facing heavy criticism after blaming former Prime Minister Indira Gandhi for “devaluing the rupee”. The remarks came even as the currency fell to an all-time-low of 91.96 against the dollar last week amid heightened global geopolitical uncertainties. The rupee has been in freefall over the past two months as US policies under President Donald Trump sent the markets roiling.