Rupee falls to record low of 88.49 against dollar:Slides by 10 paise against greenback; foreign goods will become expensive

The Indian currency rupee on Tuesday, September 23, 2025, reached its lowest level ever against the US dollar. In morning trading, the rupee slipped to 88.49, surpassing the previous all-time low (88.46) which it had made two weeks ago. In the morning session on Tuesday, the rupee opened with a decline of 10 paise at 88.41 per dollar. On Monday, the Indian currency closed at 88.31 with a decline of 12 paise against the greenback. H-1B visa fee hike one of reasons behind weakening of rupee: expert According to experts, the reason for this decline in the rupee is the weakness of Asian currencies and the strengthening of the US dollar. Additionally, the US tariff and H-1B visa fees are to be increased to $100,000. Due to this, the rupee has been hit doubly. Imports will become expensive The decline in the rupee means that importing things for India becomes expensive. Additionally, traveling and studying abroad have also become costly. Suppose when the value of the rupee against the dollar was 50, Indian students in America could get $1 for ₹50. Now, students have to spend ₹88.49 for $1. This will make everything from fees to living and eating more expensive. How is the currency value determined? If the value of any currency decreases compared to the dollar, it is called currency depreciation, falling, or weakening. In English, it is called currency depreciation. Every country has a foreign currency reserve, which it uses for international transactions. The increase or decrease in foreign reserves affects the value of the currency. If India’s foreign reserve in dollars is equal to America’s reserve in rupees, then the value of the rupee will remain stable. If our dollar reserve decreases, the rupee will weaken; if it increases, the rupee will strengthen. This is called the floating rate system.