Indian Rupee weakens for the second day as PMI disappoints, focus shifts to US data
The USD/INR edges higher amid a steady US Dollar and downbeat Indian services PMI signals. India’s May Composite PMI eases; Services PMI revised lower but remains expansionary. Traders’ eyes are on US labor and services data, and the RBI’s rate decision due on Friday. The Indian Rupee (INR) weakens against the US Dollar (USD) for … Read more