{"id":14809,"date":"2025-09-23T04:23:05","date_gmt":"2025-09-23T04:23:05","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/09\/23\/rupee-hits-record-low-of-88-48-on-visa-fee-hike-subdued-foreign-flows-markets-news\/"},"modified":"2025-09-23T04:23:05","modified_gmt":"2025-09-23T04:23:05","slug":"rupee-hits-record-low-of-88-48-on-visa-fee-hike-subdued-foreign-flows-markets-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/23\/rupee-hits-record-low-of-88-48-on-visa-fee-hike-subdued-foreign-flows-markets-news\/","title":{"rendered":"Rupee Hits Record Low Of 88.48 On Visa Fee Hike, Subdued Foreign Flows | Markets News"},"content":{"rendered":"


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Last Updated:<\/span>

The Indian rupee slipped to a fresh all-time low on Tuesday, weighed down by the recent US visa fee hike<\/h2>\n
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Rupee Vs Dollar Today.<\/p>\n<\/figure>\n

The Indian rupee slipped to a fresh all-time low on Tuesday, weighed down by the recent US visa fee hike, subdued foreign equity flows, and a rise in hedging activity.<\/p>\n

The currency fell to 88.4850 against the U.S. dollar, breaching its previous record of 88.4550 touched earlier this month. Traders noted that the Reserve Bank of India (RBI) likely stepped in through state-run banks after the rupee hit the new low.<\/p>\n

The decline came despite the dollar easing slightly in Asian trade. The one-month non-deliverable forward (NDF) market had already signalled a weaker opening, with contracts pricing the rupee around 88.31\u201388.32 levels.<\/p>\n

Pressure from US policy moves<\/strong><\/p>\n

The rupee\u2019s weakness was attributed largely to Washington\u2019s protectionist stance. The U.S. has imposed higher tariffs on Indian exports compared with other Asian peers, alongside raising H-1B visa fees for new applicants.<\/p>\n

Market participants warned that the visa fee hike could hurt India\u2019s IT services sector and dampen remittance inflows from the U.S., which contributes nearly a third of India\u2019s total remittances. DBS Bank said India remains the world\u2019s largest remittance recipient but cautioned that \u201csteady tightening in work-related visas in the U.S. might impact inflows” over time.<\/p>\n

A Mumbai-based currency trader added that the rupee \u201cis likely to remain one of the weaker Asian currencies in the near term,” although RBI intervention should help curb excessive volatility.<\/p>\n

Dollar softens, Fed in focus<\/strong><\/p>\n

Meanwhile, the U.S. dollar edged lower on Tuesday as investors assessed hawkish commentary from Federal Reserve officials. The Fed had cut interest rates last week and signalled two more reductions this year. Markets are now factoring in a strong chance of another cut in October, even as policymakers maintain a cautious outlook on inflation and growth.<\/p>\n

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\"Aparna<\/figure>\n

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Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Click here<\/a> to add News18 as your preferred news source on Google. Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the\u00a0News18 App<\/a> to stay updated.<\/span><\/div>\n
First Published:<\/span><\/p>\n
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September 23, 2025, 09:50 IST<\/p>\n<\/div>\n<\/div>\n

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Last Updated:September 23, 2025, 09:50 IST The Indian rupee slipped to a fresh all-time low on Tuesday, weighed down by the recent US visa fee hike Rupee Vs Dollar Today. The Indian rupee slipped to a fresh all-time low on Tuesday, weighed down by the recent US visa fee hike, subdued foreign equity flows, and…<\/p>\n","protected":false},"author":1,"featured_media":4144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-14809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/14809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=14809"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/14809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/4144"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=14809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=14809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=14809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}