New Delhi: As soon as the Indian rupee today breached the psychologically crucial 80 mark to touch an all-time low of 80.11 in early trade on Monday tracking firmness in the US dollar.
According to the Head of Treasury, Finrex Treasury Advisors, Anil Kumar Bhansali, the Indian rupee opened on a weak note after a hawkish Powell kept US rate hikes in prominence until inflation falls to 2 per cent.
Bloomberg also quoted the rupee at 80.0363 compared to its previous close of 79.8712.
Hash tag #StockMarketCrash and #StockMarketIndia started trending on micro blogging site Twitter at number one.
Twitter users started using the hash tag and they also compared the Indian rupee to Noida’s twin tower which was demolished on Sunday (August 28).
The much-awaited demolition of 100-metre tall Supertech twin towers, taller than Qutub Minar took place on Sunday leaving behind a cloud of dust and a mountain of debris.
Here is how netizens reacted:
— Priyanka Banubakode ↗️ (@PriyaBanubakode) August 29, 2022
— Rubisk Cubisk (@RubiskCubisk) August 29, 2022
— Yukti Agrawal (@Stockstix) (@stockstix) August 25, 2022
— SM TRADERS (@THESMTRADERS) August 29, 2022
— IndiaNamo (@IndiaNamoS) August 29, 2022
— Kaji Katlu (@kajikatlu) August 29, 2022
— 🇮🇳Sumer Koul🇮🇳 (@sumerkoul) August 22, 2022