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Rupee slumps 45 paise to hit an all-time low of 88.73 against US dollar
The Free Press Journal - Mumbai
|September 24, 2025
The rupee depreciated 45 paise to close at a fresh all-time low of 88.73 against the US dollar on Tuesday, amid sustained outflow of foreign funds on the back of a steep hike in US H-1B visa fee that is expected to give a big blow to Indian IT services exports.
Forex traders said the rupee dwindled towards record low levels as market participants analysed the likely repercussions of the new USD 100,000 H-1B visa levy, which could precipitate a slowdown in remittance growth and curtail service expo
Diese Geschichte stammt aus der September 24, 2025-Ausgabe von The Free Press Journal - Mumbai.
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