The Indian rupee fell to 88.31 against the dollar on Sept. 22, 2025, due to U.S. visa fee concerns and global risk aversion.

The Indian rupee weakened 15 paise to close at 88.31 against the US dollar on September 22, 2025, pressured by concerns over a potential U.S. H-1B visa fee hike, which may affect remittances and IT sector investments. The currency opened at 88.20, touched a low of 88.34, and ended down from Friday’s close of 88.16. Market sentiment was cautious amid global risk aversion and a stronger dollar, though declining crude oil prices offered some support. Indian stock indices fell, with the Sensex dropping 466 points and the Nifty losing 124 points. Foreign investors bought ₹390.74 crore in equities on Friday. India’s forex reserves rose $4.698 billion to $702.966 billion for the week ended September 12. Commerce and Industry Minister Piyush Goyal led a trade delegation to the U.S. to advance a mutually beneficial agreement.