<h1>Domestic currency inches off record lows as foreign tariffs, US work-visa fee hike spur capital outflows and policy response</h1> Domestic currency briefly recovered but remains near record lows amid increased foreign tariff measures and a hike in US work-visa fees, which market participants say amplified capital outflows and exchange-rate pressure. The report highlights ongoing bilateral trade negotiations between senior government trade delegations and counterparts, and notes potential policy responses including central bank intervention and reliance on commodity price movements to stabilize the currency. Equity sell-offs by foreign institutional investors and elevated dollar strength are cited as contributing factors, with analysts forecasting a defined intraday trading range for the USD-INR spot.