Social Humour: As Rupee slumps to all-time low, Twitter engulfs in memes

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The Indian rupee fell to a record low as dollar strength dented demand for riskier assets and foreigners continued to dump the nation’s stocks.

The rupee dropped as much as 0.7% to 77.4337 a dollar on Monday, slipping past the previous all-time low of 76.9812 touched in March. Stocks extended declines, with the benchmark S&P BSE sensex Index retreating 1.5%.


A surprise rate hike by the Reserve Bank of India hasn’t been able to stem the rupee’s decline as a widening current-account deficit amplifies concerns.

As a result of the rupee plunging to a record low, Twitter was flooded with memes and one-liners mocking the situation and the policies responsible for the slump.