#CommunityAMA Indian Rupee Gains on Fed Criticism and Higher Forward Premiums The Indian rupee strengthened to roughly 85.74 per dollar following widespread dollar weakness. President Trump’s sharp criticism of the Fed shook global market confidence and weighed heavily on the greenback, allowing the rupee to recover. Meanwhile, rising forward premiums, now hovering at 2.02%, signaled strong hedging activity and improved dollar supply in the spot market. Lower oil prices and RBI support further boosted the rupee’s appeal, making it one of the best‑performing EM currencies in early trade.