India HSBC Services PMI came in at 59.8, above forecasts (59.5) in November.India HSBC Services PMI came in at 59.8, above forecasts (59.5) in November
Indian rupee weakens past 90/dollar on persistent outflows, absence of trade deal.The Indian rupee weakened past the key psychological level of 90 to the dollar on Wednesday, extending a rough patch as anaemic trade and sustained portfolio flows weighed in the absence of positive news on a trade deal with Washington.
USD/JPY remains on the back foot below 156.00; BoJ-Fed policy divergence favors bears.USD/JPY remains on the back foot below 156.00; BoJ-Fed policy divergence favors bears
Rupee cracks below 90 to the dollar, hit by tariffs, capital outflows.The Indian rupee fell past the key psychological level of 90 to the dollar on Wednesday, extending an eight-month decline as dollar outflows for trade and investment and a rush by companies to hedge against further weakness pummelled the currency.