<h1>Rupee slips amid H-1B fee hike fears, remittance worries, IT export risks and foreign fund outflows; forex reserves rise</h1> The Indian rupee depreciated 12 paise to 88.28 against the US dollar amid market concern over a US H-1B visa fee increase, which market participants say could reduce remittances and Indian IT service exports, prompt equity outflows, and exert downward pressure on the currency. Domestic equities saw net foreign institutional selling and notable index declines. RBI data showed a rise in forex reserves. Oil weakness may provide some support. Separately, a government trade delegation is traveling to the US to pursue bilateral trade negotiations that could affect broader economic and regulatory relations.