The US Dollar Indian Rupee (USD/INR) exchange rate is trading -0.5% lower at 73.21; its third straight day of losses.
Indian manufacturing activity expanded at is fastest pace in 8 years in September, as lockdown restriction continue to ease and demand picks up. The data suggests that India is on the road to recovery even as it is expected to experience its first economic contraction in 40 years.
US Dollar is easing amid an improved mood in the market on US fiscal stimulus hopes and improving US economic data. US manufacturing, jobless claims and personal income and spending data are in focus.