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'Middle-class lost half their savings in 15 yrs' says US Prof on bleeding rupee, sparks row
short by Ashley Paul / on Friday, 22 May, 2026
Indian-origin US-based Professor Malini Ranganathan said middle-class families in India lost half their purchasing power and savings as the Indian rupee lost 50% of its value in 15 years. Her comment sparked a row, as X users said, "Is mental retardation a prerequisite for graduating from Berkeley?" "Today I learned that Indian middle class consumes only in USD," another joked.