The rupee fell 15 paise against the USD to settle at 88.31 (provisional) on September 22, 2025, as investors turned cautious over President Donald Trump’s decision to hike the H-1B visa fee. They started speculating on the impact on Indian remittances as risk-averse sentiment gains prominence. ​The H-1B visa fee hike would likely cause more outflows from the Indian IT sector in the near term, potentially causing more downward pressure on the rupee movement. ​Today, the rupee opened at 88.20 at the interbank foreign exchange, hit an intraday high and low of 88.12 and 88.34 before finishing the day at 88.31 against the greenback.