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The rupee slumped 45 paise to a record closing low of 88.73 per dollar on Tuesday, September 23. It hit an intraday low of 88.82 amid foreign fund outflows and concern over the new $100,000 H-1B visa fee.
Analysts said the visa levy could hurt remittances and services exports.
A record-low rupee lifts the local cost of dollar-priced imports, including feed ingredients. Weaker remittance and services inflows reduce dollar supply, which keeps the currency under pressure.
timesofindia.indiatimes.comTOI Business DeskSep 23, 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.
