{"id":119742,"date":"2025-09-22T19:24:47","date_gmt":"2025-09-22T18:24:47","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119742"},"modified":"2025-09-24T11:11:34","modified_gmt":"2025-09-24T10:11:34","slug":"109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas\/","title":{"rendered":"USD\/INR: The Rupee falls as Trump cracks down on H-1B visas"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) is falling after gains last week<\/strong><\/li>\n<li><strong>US H-1B tariffs fee will rose to $100k, impacting India<\/strong><\/li>\n<li><strong>US Dollar (USD) is falling versus major peers<\/strong><\/li>\n<li><strong>Fed Stephen Miran explained his 50 bps rate cut vote<\/strong><\/li>\n<\/ul>\n<p>The US dollar-to-Indian rupee (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-usd-to-inr-exchange-rate-today\/\">USD\/INR<\/a>) exchange rate is rising, snapping after losses last week. The pair fell 0.2% in the previous week, settling on Friday at 88.10. At 18:30 UTC, USD\/INR trades 0.54% at 88.30 and trades in a range of 88.12 to 88.35.<\/p>\n<p>The Indian rupee is falling sharply following President Trump\u2019s visa crackdown. Trump announced $100,000 fee on H-1B visa applications. Indians made up 71% of the H-1B approvals last year. India&#8217;s $283 billion IT industry, which derives around 57% of revenue from the US, leans on this visa programme and outsourcing IT service support for growth.<\/p>\n<p>Indian stocks fell sharply lower dragged by technology stocks, which lost around $10 billion in market capitalisation.<\/p>\n<p>The announcement hit sentiment, and the Rupee could remain under pressure until there is progress on US-Indian trade talks.<\/p>\n<p>The US slapped an additional 25% trade tariffs on India as punishment for buying Russian oil. This took the total tariff on Indian imports to 50%.<\/p>\n<p>The US Dollar is rising against the Rupee but falling against its major peers. The US Dollar Index, which measures the greenback against a basket of major currencies, is falling 0.26% at 97.39, after three days of gains.<\/p>\n<p>The US dollar is falling as the market weighs up commentary from Federal Reserve officials following the 25 basis point rate cut last week.<\/p>\n<p>A lot of attention is on Federal Reserve Stephen Miran&#8217;s commentary, who is the nearest policy maker to join the board following appointment by President Trump.<\/p>\n<p>Trump has made no secret of the fact that he is keen for the Federal Reserve to slash interest rates more aggressively. Steven Mirren voted for a steeper 50 basis point rate cut at the meeting last week.<\/p>\n<p>Miran argued that changes in tax and immigration policy, as well as easing rental costs, deregulation, and incoming revenue from tariffs, are creating a different economic landscape.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) is falling after gains last week US H-1B tariffs fee will rose to $100k, impacting India US Dollar (USD) is falling versus major peers Fed Stephen Miran explained his 50 bps rate cut vote The US dollar-to-Indian rupee (USD\/INR) exchange rate is rising, snapping after losses last week. The pair fell 0.2% [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1666,1398,1862],"class_list":["post-119742","post","type-post","status-publish","format-standard","has-post-thumbnail","category-inr","category-usd","tag-inr","tag-usd","tag-usd-inr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR: The Rupee falls as Trump cracks down on H-1B visas - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: The Rupee falls as Trump cracks down on H-1B visas\",\"datePublished\":\"2025-09-22T18:24:47+00:00\",\"dateModified\":\"2025-09-24T10:11:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas\\\/\"},\"wordCount\":352,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"keywords\":[\"inr\",\"usd\",\"usd\\\/inr\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109770-usd-inr-the-rupee-falls-as-trump-cracks-down-on-h-1b-visas\\\/\",\"name\":\"USD\\\/INR: The Rupee falls as Trump cracks down on H-1B visas - 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