Ella 
The Indian rupee fell on Monday on a stronger dollar. The Indian rupee was the second-worst performing Asian currency in August, weighed down by a stronger dollar against state-run banks. However, the downside for the Indian rupee may be limited due to possible inflows into local equities and further declines in crude oil prices.
Investors are awaiting Monday’s release of India’s August HSBC Manufacturing Purchasing Managers’ Index (PMI), which is expected to remain unchanged at 47.9. In the United States, the ISM Manufacturing Purchasing Managers Index for August will be released on Tuesday. The focus on Friday will be the U.S. non-farm payrolls (NFP) data. The data may provide some clues on the extent and pace of rate cuts by the Federal Reserve. If non-farm data weakens again, it could put some selling pressure on the dollar.
