Home Business H-1B Visa Fee Hike: Remittances to Decline, Rupee Pressure Ahead

H-1B Visa Fee Hike: Remittances to Decline, Rupee Pressure Ahead

By
Business Editor - Nikhil Bhatt
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70
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The U.S. hike in H-1B visa fees is expected to reduce dollar remittances to India, putting pressure on the rupee. Nearly 70% of current H-1B holders are Indians, mostly in IT services, contributing about 28% ($35 billion) of India’s remittance inflows.Higher fees may discourage future migration, with worst-case estimates pointing

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