#CommunityAMA Rupee Opens Strong as Fed Independence Debate Weighs on Dollar The rupee opened at roughly 85.96–85.98 per dollar, gaining ground as global skepticism about Fed independence weakened the dollar. Market sentiment was shaped by Trump’s remarks suggesting a politicization of central bank decisions. Importers remained cautious about buying dollars, providing additional support for the rupee. Strong inflows into Indian equity markets combined with softening crude oil prices kept INR supported, making it an attractive bet for yield‑hungry global investors.