Home Business H1B visa fee hike: impact on remittances and rupee pressure

H1B visa fee hike: impact on remittances and rupee pressure

By
Business Editor - Nikhil Bhatt
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1
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The recent U.S. H1B visa fee increase may reduce dollar inflows to India. This is expected to impact the services sector and inward remittances, potentially putting pressure on the rupee. Currently, about 28% of remittances come from the U.S., roughly $35 billion. The visa fee hike could reduce annual remittances

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