President Donald Trump for now at least appears to be in favour of the H-1B visa scheme, a key route for Indians to work in the US tech sector, but the scheme is a key source of friction among his supporters. If restrictions around H-1B visas are tightened, there could be benefits to India’s economy if high-skilled workers stay. But to the extent that remittances – a key source of hard currency inflows – weaken, that could put the rupee under pressure.
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