India's HSBC Services PMI hit 59.8 in May, a six-month high, with the June 6 RBI rate decision days away. Wholesale price inflation at 8.3% year-on-year and a record-low rupee are pushing the central bank toward a hawkish signal.
India's services PMI at 59.8 in May forms part of a dashboard of resilient economic indicators as markets await the RBI's June 5-6 policy decision. Source
