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This story is from May 9, 2022

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

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%.
Social Humour: As Rupee slumps to all-time low, Twitter engulfs in memes
Stories in Mocktale are works of fiction intended to bring a smile to your face. They bear no connection to events and characters in real life.
DISCLAIMER: This is a compilation of tweets being shared by netizens around the world. Times of India neither condones nor endorses any of the views shared in this article here.
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.





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Disclaimer

Stories in Mocktale are works of fiction intended to bring a smile to your face. They bear no connection to events and characters in real life.
Stories in Mocktale are works of fiction intended to bring a smile to your face. They bear no connection to events and characters in real life.