INR: Firm PMI reports amid rupee weakness – Commerzbank
India's January PMI reports indicate healthy economic expansion, with services and manufacturing PMIs showing improvement. However, the Indian Rupee continues to weaken against the Dollar, driven by equity outflows and import demand.
India's January PMI reports indicate healthy economic expansion, with services and manufacturing PMIs showing improvement. However, the Indian Rupee continues to weaken against the Dollar, driven by equity outflows and import demand.
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