Rupee falls 7 paise to 88.80 against U.S. dollar in early trade

The rupee depreciated 7 paise from its all-time closing debased to 88.80 against U.S. dollar successful aboriginal commercialized connected Wednesday (September 24, 2025) dragged down by tariff and H-1B visa issues amid persistent overseas money outflows.

Forex traders said rupee is hovering adjacent its all-time debased level arsenic enhanced U.S. tariffs connected Indian goods arsenic good arsenic U.S. H-1B visa interest hike dented capitalist sentiments.

Moreover, investors' risk-aversion and commercialized argumentation uncertainty has besides exacerbated the rupee’s depreciation.

At the interbank overseas exchange, the rupee opened astatine 88.80, registering a diminution of 7 paise implicit its erstwhile close. In archetypal commercialized the rupee besides touched 88.71 against the greenback.

On Tuesday (September 23), the rupee depreciated 45 paise to adjacent astatine a caller all-time debased of 88.73 against the U.S. dollar. It had touched an all-time intraday debased of 88.82 against the U.S. dollar.

"The H-1B visa fees has lone aggravated the wide issues that India and US request to resolve," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Mr. Bhansali further noted that RBI has allowed the weakening considering the plight of the exporters.

"We whitethorn spot caller lows this week towards 89.00 earlier a pullback could beryllium seen to alteration importers to bargain dollars," helium said.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.09% higher astatine 97.35.

Brent crude, the planetary lipid benchmark, was trading 0.24% higher astatine $67.79 per tube successful futures trade.

On the home equity marketplace front, the Sensex dropped 380.48 points to 81,721.62 successful aboriginal trade, portion the Nifty declined 106.45 points to 25,063.05.

Meanwhile, Foreign Institutional Investors offloaded equities worthy ₹3,551.19 crore connected Tuesday, according to speech data.