India's HSBC Manufacturing PMI Slips to 54.5 in June
India's HSBC Manufacturing PMI eased to 54.5 in June from 55.0 in May, according to the latest data from S&P Global and HSBC Bank.
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The preliminary reading of India's HSBC Manufacturing Purchasing Managers Index (PMI) came in at 54.5 for June, down from 55.0 in the previous month. The data, jointly published by S&P Global and HSBC Bank, signals a slight cooling in manufacturing activity.
A PMI reading above 50 still indicates expansion, but the modest decline may influence expectations for the Indian Rupee. Traders often watch PMI data for clues on economic momentum and central bank policy direction.
Source: FXStreet Forex News