The Indian rupee faces renewed pressure, with a 1-month forward indicating an opening near 90.22-90.28 against the dollar. This follows a Friday decline to 90.1625, despite Reserve Bank of India interventions aimed at strengthening the currency. Factors contributing to the pressure include equity outflows, importer hedging, and broad dollar strength. Added uncertainty stems from concerns over Federal Reserve independence following a criminal investigation into Chair Jerome Powell, amid ongoing tensions with President Trump over interest rates.