USD/INR slides further amid uncertainty over Fed's independence, tariff deadline

  • The Indian Rupee (INR) strives to extend its upside move against the US Dollar (USD) during the European session on Friday after posting a fresh two-week high at open. The USD/INR struggles to hold its immediate lows around 85.47 as the US Dollar (USD) continues to underperform, following United States (US) President Donald Trump's attack on the Federal Reserve's (Fed) independence, which has uplifted dovish bets.