Ella 
The Indian rupee (INR) strengthened on Wednesday.
Lower oil prices and optimism about foreign fund inflows after India faced general election uncertainty supported the Indian rupee.
Traders will keep a close eye on the HSBC Services PMI for India and the ISM Services PMI for May in the US, which will be released on Wednesday.
The Indian rupee (INR) pared losses on Wednesday after facing some selling pressure in the previous session. Uncertainty over whether the BJP-led government can win a majority triggered a sharp sell-off in Indian stocks and the INR on Tuesday. However, the fall in crude oil prices and optimism about foreign fund inflows after India was included in the JPMorgan bond index are likely to support the Indian rupee.
Investors will keep a close eye on the HSBC Services PMI for India, which is expected to rise to 61.4 in May from 60.8 in April. On the US side, the US ISM Services PMI and ADP employment change will be released. If the data is stronger than expected, it may boost the US dollar (USD) and provide support for USD/INR.
