Asian Currency

Rupee Hits Another Historic Low Against US Dollar At 95 But FM Says INR Performing Well Triggering Memes [WATCH]

March 30, 2026


The Indian Rupee is sinking new lows against the US Dollar, swinging around 95. But per Nirmala Sitharaman, the Indian Finance Minister, all is well.

During her recent speech in the parliament the FM defended the Indian Rupee and economy. She stated that the INR is performing well despite the odds. Sitharaman highlighted how higher dollar outflows and the global volatility is affecting currencies worldwide and not just INR.

Theek chal raha hai

Since the war on Iran commenced in February, the Indian Rupee has tanked by 4.1 percent. In her response to a question in Lok Sabha, the Indian FM emphasized that, “India’s economy is strong, our fiscal situation is strong, and the entire world is praising our fiscal deficit management. Our forex reserves are solid.” She added, “Compared to other emerging economies, the rupee is doing fine…Absolutely going fine.”

Here’s how the internet reacted:

Meanwhile, Pankaj Chaudhary, the Minister of State for Finance stated that the government and the RBI are keeping a close watch on the valuation of the Indian currency.

In 2011 the Indian Rupee crossed the 50 mark and by 2014 it hit the 60 milestone. However, despite the claims by the power in the corridors, the INR has been slipping into a comatose. By 2018, the Indian currency tanked to 70 against the US Dollar. By 2022 the INR breached the 80 mark, and here we are, heading to a century sooner. This is bound to have repercussions on the desi stock market.

See Also: More Rupee Memes On Mashable India Here

Cover: Twitter & Pexels





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