Indian Rupee declines ahead of HSBC PMI data
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹95.40
- was revised
- 54.7
The Indian Rupee extended losses, trading around ₹95.40 against the US Dollar for the third consecutive day. Traders are closely monitoring the upcoming HSBC Composite and Services PMI data, which could influence market sentiment. The HSBC Manufacturing PMI for April was revised to 54.7, indicating continued but subdued growth in output and new orders.
Market participants are cautious as Indian equities opened lower, reflecting broader economic concerns ahead of the PMI release.
Not investment advice. For informational purposes only.