USD/INR slumps as Trump-Powell policy tensions weaken US Dollar
The Indian Rupee jumps higher against the US Dollar as Trump attacks Fed’s independence. Fed’s Powell stated that tariffs-driven inflation could be persistent. The RBI monthly bulletin shows that the Indian economy remained resilient in May. The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday. The USD/INR pair revisits 10-day low…