New Delhi, Sept. 23 -- The IT companies are expected to find ways to soften the blow of the recent hike in H-1B visa fees announced by the U.S. administration, according to a report by Nuvama.

On Friday, September 19, US President Donald Trump passed an executive order imposing a USD 100,000 fee for new H-1B visa applications, a sharp increase from the current level of about USD 1,500.

The move is likely to affect the operations and financials of Indian IT firms, but analysts believe the overall impact will remain limited.

Nuvama noted that Indian IT firms have, over the past eight years, significantly reduced their dependence on H-1B visas. This shift has already laid the groundwork for mitigating the latest policy shock.

"We believe...