# Rupee at all-time low! Currency slumps 45 paise to close at 88.73 against US dollar; Visa fee shock, FII outflows add pressure - The Times of India

> 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.

- Date: 2025-09-23 · published 2025-09-23T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/23171-rupee-at-all-time-low-currency-slumps-45-paise-to-close-at-88-73-against-us
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bullish ▲

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-at-record-low-currency-slumps-45-paise-to-close-at-88-73-against-us-dollar-visa-fee-shock-fii-outflows-add-pressure/articleshow/124073693.cms

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.