52.9: India's HSBC Manufacturing PMI falls in August
The preliminary reading of India’s HSBC Manufacturing Purchasing Managers Index (PMI) declined to 52.9 in August versus 53.5 prior, the latest data published by S&P Global and HSBC Bank showed on Friday.
The India’s HSBC Services PMI climbed to 54.5 in August from the previous reading of 53.3, while the Composite PMI rose to 54.6 in August versus 54.3 prior.
Market reaction
The India's HSBC PMI data for August has little to no impact to the Indian Rupee (INR). The USD/INR pair losing 0.06% on the day to 95.72, as of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro: Further upside toward 1.1725 against US Dollar – UOB
Image Systems launches SEK 21.4 million rights issue subscription period
Italian Sea Group calls shareholder meeting
