How Trump’s $100,000 H-1B fee threatens $35 billion in Indian remittances; Rupee braces for impact
Economists predict that President Donald Trump’s sharp increase in H-1B visa fees is likely to impact India’s services sector, reduce remittance inflows, and put pressure on the rupee.
Trump on Friday signed the proclamation ‘Restriction on entry of certain nonimmigrant workers’ that restricts the entry into the US of those workers whose H1B petitions are not accompanied or supplemented by a payment of USD 100,000.
