2025-09-23 21:02
In der IndustrieHow Low Will the Rupee Fall to?
In an event that could further add to India’s trade imbalance, the rupee fell 47 paise to finish 88.75 (provisional), hitting an all-time low against the USD on September 23, 2025. Sustained outflow of foreign funds amid a steep rise in US H-1B visa fee has contributed to the rupee’s fall. According to forex traders, the market participants evaluated the adverse effect of the new $1 lakh H-1B visa levy on the massive drop in remittance growth and reduced service exports to the US. The rupee opened at 88.41 and touched an all-time intraday low of 88.82 before settling at 88.75.
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How Low Will the Rupee Fall to?
Indien | 2025-09-23 21:02In an event that could further add to India’s trade imbalance, the rupee fell 47 paise to finish 88.75 (provisional), hitting an all-time low against the USD on September 23, 2025. Sustained outflow of foreign funds amid a steep rise in US H-1B visa fee has contributed to the rupee’s fall. According to forex traders, the market participants evaluated the adverse effect of the new $1 lakh H-1B visa levy on the massive drop in remittance growth and reduced service exports to the US. The rupee opened at 88.41 and touched an all-time intraday low of 88.82 before settling at 88.75.
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