Rupee falls 7 paise to 88.80 towards U.S. greenback in early commerce

The rupee depreciated 7 paise from its all-time closing low to 88.80 towards U.S. greenback in early commerce on Wednesday (September 24, 2025) dragged down by tariff and H-1B visa points amid persistent international fund outflows.

Forex merchants stated rupee is hovering close to its all-time low stage as enhanced U.S. tariffs on Indian items in addition to U.S. H-1B visa charge hike dented investor sentiments.

Moreover, buyers’ risk-aversion and commerce coverage uncertainty has additionally exacerbated the rupee’s depreciation.

At the interbank international trade, the rupee opened at 88.80, registering a decline of seven paise over its earlier shut. In preliminary commerce the rupee additionally touched 88.71 towards the dollar.

On Tuesday (September 23), the rupee depreciated 45 paise to shut at a recent all-time low of 88.73 towards the U.S. greenback. It had touched an all-time intraday low of 88.82 towards the U.S. greenback.

“The H-1B visa fees has only aggravated the overall issues that India and US need to resolve,” stated Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Mr. Bhansali additional famous that RBI has allowed the weakening contemplating the plight of the exporters.

“We may see new lows this week towards 89.00 before a pullback could be seen to enable importers to buy dollars,” he stated.

Meanwhile, the greenback index, which gauges the dollar’s energy towards a basket of six currencies, was buying and selling 0.09% greater at 97.35.

Brent crude, the worldwide oil benchmark, was buying and selling 0.24% greater at $67.79 per barrel in futures commerce.

On the home fairness market entrance, the Sensex dropped 380.48 factors to 81,721.62 in early commerce, whereas the Nifty declined 106.45 factors to 25,063.05.

Meanwhile, Foreign Institutional Investors offloaded equities value ₹3,551.19 crore on Tuesday, in response to trade knowledge.