Mumbai, March 4 -- The Indian Rupee is likely to see some recovery today following sustained weakness for the US dollar overseas. INR settled with a gain of 3 paise at 87.34 against the US dollar on Monday. Gains were limited amid tepid domestic equity markets and unabated withdrawal of foreign funds. India's manufacturing sector growth fell to a 14-month low in February.The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) registered 56.3 in February, down from 57.7 in January, but remained in the expansion zone.
Published by HT Digital Content Services with permission from Capital Market....