Rupee Sinks To Historic Low Of 96 Against Dollar Amid Oil Crisis; Internet Copes With Hilarious NRI Memes

The Indian rupee hit an all-time low of 96.25 against the US dollar on Monday, May 18, extending a slide that began when Iran-d conflict pressures emerged in late February. At the interbank foreign exchange market, the rupee opened at 96.19 before falling to 96.25, a drop of 44 paise from its …