<h1>National currency hits record closing low after foreign tariffs and visa fee hikes trigger capital outflows and equity falls</h1> The national currency weakened to a record closing low amid market reactions to a foreign country's imposition of broad tariffs on exports and a substantial increase in visa fees affecting the IT services sector, triggering foreign portfolio outflows and equity declines. Market participants cited possible central bank intervention and lower crude prices as stabilising factors. Trade authorities from both countries are engaged in bilateral negotiations, with senior ministry officials and chief negotiators meeting to address tariff and market-access concerns that are driving exchange-rate and regulatory risk.