The local unit hit a low of 64.01 and a high of 63.95 against the US dollar.
On Tuesday, the rupee ended at 63.64 against the US dollar. Market will react to the macro numbers which came in late last evening. Showing some improvement, the fiscal deficit in the first two months of current fiscal stood at Rs. 2.08 lakh crore or 37.5% of Budget Estimates (BE) for FY16 compared with 45.3% in the previous fiscal.
The combined Index of Eight Core Industries stands at 178.6 in May, 2015, which was 4.4 % higher compared to the index of May, 2014. Its cumulative growth during April to May, 2015-16 was 2.1 %. Other data to watch out for would be India’s manufacturing PMI, Eurozone PMI and US jobs data. Focus will also be on what the PM has to say while inaugurating the Digital India Week where leading lights of corporate India will be in attendance.
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