Loading…
The Indian rupee fell to a record low of 88.62 per US dollar on September 23, surpassing the previous record set about two weeks earlier. The slide followed a sharp US increase in H-1B visa fees, which could slow the deployment of Indian IT workers.
Pressure also came from 50% US tariffs on Indian goods.
A weaker rupee raises the cost of imported feed ingredients and other dollar-priced inputs for Indian buyers. Expected hits to IT services earnings, remittances and exports could keep the currency under pressure.
reuters.comNimesh VoraOct 1, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
