USDINR Faces Weakness with Fed Independence Concerns Rising
The Indian Rupee (INR) has edged up on Tuesday after recording a four-month high in the previous session. This rise can be attributed to the ongoing rally in Indian equities, which provides some much-needed support to the rupee. However, the market remains cautious over concerns regarding the independence of the Federal Reserve, impacting the INR and overall market dynamics. Investors are keeping a close eye on feeds for indications that could influence the rupee’s trajectory in the near future.