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Forex merchants mentioned the current hike in H-1B visa charges might contribute to fairness outflows from the Indian IT sector within the close to time period, and will additionally exert strain on the Indian rupee.
At the interbank international change, the rupee opened at 88.20, then touched an intra-day low of 88.34 and a excessive of 88.12 in opposition to the buck. The home unit lastly settled at 88.31 (provisional), decrease by 15 paise over its earlier shut.
On Friday (September 19, 2025), the rupee appreciated 4 paise to shut at 88.16 in opposition to the U.S. greenback.
“We anticipate the rupee to stay weak because the U.S. visa price hike might dent market sentiments, which can weigh on the home forex.
“Risk aversion in domestic markets may also pressure the rupee. However, overall weakness in crude oil prices may support the rupee at lower levels. USDINR spot price is expected to trade in a range of 88.05 to 88.60,” mentioned Anuj Choudhary, Research Analyst, Currency and Commodities, Mirae Asset ShareKhan.
Meanwhile, the greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, fell 0.12% to 97.52.
Brent crude, the worldwide oil benchmark, was buying and selling 0.21% decrease at $66.54 per barrel in futures commerce.
On the home fairness market entrance, Sensex tanked 466.26 factors to settle at 82,159.97, whereas Nifty dropped 124.70 factors to 25,202.35.
Foreign institutional traders purchased equities value ₹390.74 crore on a web foundation on Friday, in keeping with change information.
India’s foreign exchange reserves jumped $4.698 billion to $702.966 billion for the week ended September 12, the Reserve Bank of India (RBI) mentioned on Friday.
In the earlier reporting week, the general reserves had elevated $4.038 billion to $698.268 billion.
Meanwhile, Commerce and Industry Minister Piyush Goyal is main an official delegation to the U.S. for commerce talks.
The delegation plans to carry talks with the U.S. group to take ahead discussions with a view to attaining an early conclusion of a mutually helpful commerce settlement.
The Minister will go to New York, accompanied by the particular secretary within the ministry, Rajesh Agrawal, and different officers.
Published – September 22, 2025 04:44 pm IST
