Indian Rupee Falls To 3-day Low Against U.S. Dollar
September 03 2020 - 2:37AM
RTTF2
The Indian rupee declined against the U.S. dollar in the evening
session on Thursday, as the latter rose ahead of the weekly jobless
claims, the U.S. trade deficit and service sector activity data
later in the day and Friday's non-farm payrolls report.
The rupee weakened to a 3-day low of 73.49 against the greenback
from yesterday's closing value of 73.20. Next key support for the
rupee is seen around the 75.00 region.
In economic news, survey results from IHS Markit showed that
India's service sector activity level was at the the highest in
four months in August.
The IHS Markit services Purchasing Managers' Index rose to 41.8
in August from 34.2 in July.
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