Rupee’s threat to slip below 83/USD likely nipped by RBI
The dollar index will be eyeing the slew of key U.S. economic data as it seeks to recover from the near 8% decline in the last quarter. U.S. ISM manufacturing and services data is due later this week, alongside the monthly jobs report.The dollar’s jump came despite the relatively upbeat risk appetite and the fall in Treasury yields. European shares climbed 1.5% and U.S. equity futures were up about 1%.
