Asian currencies, including the Indian rupee, experienced gains as the U.S. dollar weakened following President Donald Trump's criticism of Federal Reserve Chair Jerome Powell. This tension between Trump and the Fed initially pressured the dollar and supported Asian currencies. However, by midweek, the dollar index rallied after Trump softened his stance on removing Powell and expressed optimism about easing U.S.-China trade tensions. This shift led to expectations of a weaker rupee and a decline in the Japanese yen, reflecting the market's response to evolving U.S. policy signals and trade relations.