In later deals on Friday, the Indian rupee erased its advance and edged down against the U.S. dollar.
The rupee is now trading at 53.81 per greenback, off its early 4-day high of 53.6075. The greenback-rupee pair closed Thursday's deals at 53.70.
India's manufacturing sector inched up in October, driven by new orders, but persistent power shortages weighed on production, an HSBC survey said.
The HSBC India Manufacturing Purchasing Managers' Index (PMI), a measure of factory production, at 52.9 in October, slightly up from 52.8 in September.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.