USD/INR slides further as US Dollar renews three-year low

  • The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday. The USD/INR pair revisits 10-day low around 85.75 as the US Dollar (USD) renewed its three-year low after United States (US) President Donald Trump lashed out on Federal Reserve (Fed) Chair Jerome Powell for not supporting interest rate cuts in the upcoming policy meetings, while testifying before the Senate on June 24-25.