Indian Rupee Falls To 3-day Low Against U.S. Dollar

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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.

The material has been provided by InstaForex Company – www.instaforex.com

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