On Monday, September 22, 2025, the Indian rupee fell 15 paise to end at ₹88.31 per American dollar (provisional). Players in the market were considering the consequences of the recent increase in H-1B visa fees by President Donald Trump, which may keep Indians abroad remittances low in addition to causing a short-term withdrawal by the IT industry. Forex traders cautioned that the increase in the fees could further strain the rupee and cause equity outflow.
The rupee started at 88.20 at the inter-bank market, which later fell slightly to 88.34 and reached a high of 88.12. It ended at 88.31, 15 pais less than what it had closed at. The dollar index, a gauge of the performance of the greenback in relation to a dollar basket of six currencies, ended 0.12 per cent lower at 97.52. On futures, the price of Brent crude oil fell by 0.21 per cent to be at $66.54 a barrel.
Domestically, the yardstick indices incurred minor losses as the Sensex dropped by 466.26 points and closed at 82,159.97, and Nifty dropped by 124.70 points and closed at 25,202.35. Foreign institutional investors registered a net inflow in the exchange of 390.74 crore despite the downturn.
Reserve Bank of India (RBI) reported that its foreign-exchange reserves increased to the week ended September 12, 2017, by 4.698 billion dollars to 702.966 billion dollars, compared to the net increase of 4.038 billion dollars on the previous week.
Meanwhile, another official delegation, headed by Commerce and Industry Minister Piyush Goyal, Special Secretary (Rajesh) Agrawal, and other officials, visited the United States. The delegation will see the U.S. team in New York in order to develop trade talks, and this will be done in a bid to make a mutually advantageous deal within the shortest time possible.
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