- The HSBC final India Manufacturing PMI eased to an eight-month low of 56.5 in September. This figure was below the market consensus of 56.7 and the previous reading of 57.5.
- "Momentum in India's manufacturing sector softened in September from the very strong growth in the summer months," said Pranjul Bhandari, chief India economist at HSBC.
- According to the Reserve Bank of India’s (RBI) real effective exchange rate (REER) index, the Indian Rupee stood at 5.5% above its fair value in August, down from 7.7% in the previous month.
- The US ADP Employment Change data for September exceeded expectations, with 143,000 new jobs added. This figure was above the median forecast of 120,000 and the previous reading of 103,000 (revised from 99,000).
- Richmond Fed President Thomas Barkin said on Wednesday that the Fed's fight to return inflation to its 2% target may take longer than expected to complete and limit how far interest rates can be cut, per Reuters.
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