A post by @FirstSquawk on X.

India’s HSBC services PMI eased to 55.8 in October from 56.2 the prior month, still firmly above the 50 no-change threshold and signaling continued expansion in the sector. The modest pullback points to slower but resilient growth in services activity, which has been a key support for Asia’s third-largest economy. The reading matters for rate and growth expectations ahead of upcoming Reserve Bank of India policy signals and hard activity data. Watch next for the companion manufacturing PMI and inflation prints to gauge whether the softening in services is broadening across the economy.