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Indian Rupee Nears Record Low Amid U.S. Trade Tensions

10/1/2025

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Summary

Story summary

The Indian rupee is seen opening near a lifetime low of 88.74–88.78 per dollar amid U.S. trade tensions.
Tariffs on Indian goods and higher H-1B visa fees have driven $1.8 billion in equity withdrawals, including over $300 million on Monday alone.
The Reserve Bank of India has intervened to stabilize the rupee amid sustained pressures.

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Story summary

The Indian rupee is seen opening near a lifetime low of 88.74–88.78 per dollar amid U.S. trade tensions.
Tariffs on Indian goods and higher H-1B visa fees have driven $1.8 billion in equity withdrawals, including over $300 million on Monday alone.
The Reserve Bank of India has intervened to stabilize the rupee amid sustained pressures.