Mumbai: The Indian rupee traded at 88.6250 per U.S. dollar on September 25, 2025, showing a slight recovery from its recent record low of 88.7975 earlier this week. Despite this minor appreciation, the rupee has declined more than 3% in the current quarter, marking its steepest quarterly drop since the second quarter of 2022.

Analysts point to several factors influencing the currency's performance. External pressures, including new U.S. tariffs on Indian goods and a significant increase in H-1B visa fees, have dampened investor sentiment. These measures could reduce the flow of Indian IT professionals to the U.S., potentially affecting remittance inflows and foreign equity investments.

Foreign portfolio outflows have also weighed heavily on the rupee, with investors selling a net $7.4

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