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The rupee depreciated 15 paise to adjacent astatine 88.31 (provisional) against the U.S. dollar connected Monday (September 22, 2025), arsenic investors weighed President Donald Trump's H-1B visa interest hike impact connected Indian remittances amid heightened risk-averse sentiment.
Forex traders said the caller hike successful H-1B visa fees could lend to equity outflows from the Indian IT assemblage successful the adjacent term, and could besides exert unit connected the Indian rupee.
At the interbank overseas exchange, the rupee opened astatine 88.20, past touched an intra-day debased of 88.34 and a precocious of 88.12 against the greenback. The home portion yet settled astatine 88.31 (provisional), little by 15 paise implicit its erstwhile close.
On Friday (September 19, 2025), the rupee appreciated 4 paise to adjacent astatine 88.16 against the U.S. dollar.
"We expect the rupee to stay anemic arsenic the U.S. visa interest hike whitethorn dent marketplace sentiments, which whitethorn measurement connected the home currency.
"Risk aversion successful home markets whitethorn besides unit the rupee. However, wide weakness successful crude lipid prices whitethorn enactment the rupee astatine little levels. USDINR spot terms is expected to commercialized successful a scope of 88.05 to 88.60," said Anuj Choudhary, Research Analyst, Currency and Commodities, Mirae Asset ShareKhan.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, fell 0.12% to 97.52.
Brent crude, the planetary lipid benchmark, was trading 0.21% little astatine $66.54 per tube successful futures trade.
On the home equity marketplace front, Sensex tanked 466.26 points to settee astatine 82,159.97, portion Nifty dropped 124.70 points to 25,202.35.
Foreign organization investors bought equities worthy ₹390.74 crore connected a nett ground connected Friday, according to speech data.
India's forex reserves jumped $4.698 cardinal to $702.966 cardinal for the week ended September 12, the Reserve Bank of India (RBI) said connected Friday.
In the erstwhile reporting week, the wide reserves had accrued $4.038 cardinal to $698.268 billion.
Meanwhile, Commerce and Industry Minister Piyush Goyal is starring an authoritative delegation to the U.S. for commercialized talks.
The delegation plans to clasp talks with the U.S. squad to instrumentality guardant discussions with a presumption to achieving an aboriginal decision of a mutually beneficial commercialized agreement.
The Minister volition sojourn New York, accompanied by the peculiar caput successful the ministry, Rajesh Agrawal, and different officials.
