The Indian rupee at open on Thursday will contend with a slide in Asian peers, U.S. Federal Reserve leadership upheaval, and soft U.S. inflation data that slightly strengthened expectations of a rate cut at the Fed's September meeting.

President Trump criticized Jerome Powell as 'very bad for the country,' arguing the Fed should have lower interest rates while questioning the $2.5 billion building project.

“According to Trump, whose mind is now mushier than Gerber baby food, this is Biden in 2017 appointing Jerome Powell to be Fed chair,” one user said . Another added, “Either Trump is senile and can't remember HE was the one who appointed Powell, or he is assuming his followers will accept his obvious lie yet again.”