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₹ rises as Fed shake-up talk rocks $
Business Standard
|June 27, 2025
Robust showing Major Asian currencies against $
The rupee appreciated sharply on Thursday, tracking a decline in the dollar index after US President Donald Trump suggested that Federal Reserve (Fed) Chair Jerome Powell could soon be replaced, fanning expectations of a rate cut as early as July. The remarks sparked concerns over the future independence of the Fed, said dealers.
This story is from the June 27, 2025 edition of Business Standard.
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