The Indian rupee is adding further gains to hit a four month high on Monday morning tracking sharp weakness in dollar overseas amid continued uncertainty surrounding Trump policies and its impact on the US economy. Meanwhile, President Donald Trump criticized Powell for being too slow to cut interest rates, adding that his removal 'can't come quickly enough.' Dollar index that measures the greenback against a basket of currencies hit a new three-year low and is down more than 1% at 98.09. INR opened at Rs 85.15 per dollar and hit a high of 85.05 so far during the day, its lowest level since December 2024. Meanwhile, Indian shares look set to open on a flat note Monday as traders return to their desks after a long holiday weekend. Asian stocks were mixed in thin holiday trade as many markets are closed due to the Easter holiday. U.S. stock futures traded lower, and the dollar weakened after White House economic adviser Kevin Hassett said on Friday that the president and his team are examining the legal feasibility of removing Federal Reserve Chair Jerome Powell, following criticism over interest rate decisions.

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