India's April services PMI slightly rebounds.

A survey released on Tuesday showed that, following a slowdown in India's service sector growth in March as demand expanded strongly, there was a slight rebound in April. However, optimism fell to its lowest level in nearly two years. The HSBC India Services Purchasing Managers' Index, compiled by Standard & Poor's Global, rose from 58.5 in March to 58.7 in April, below the preliminary estimate of 59.1. A PMI index higher than 50.0 indicates economic activity is expanding, while below 50.0 indicates economic activity is contracting.