Buy EURINR; target of : 91.40 : January 08, 2024: ICICI Direct

ICICI Direct's currency report on EURINR

Euro slipped marginally by 0.03% on Friday amid strong dollar and negative domestic markets. For today, EURUSD is likely to hold the support near 1.0910 level and rise towards 1.100 levels amid expectation of correction in dollar and optimistic global market sentiments. Additionally, recent CPI data from euro zone showed inflation accelerated in December, reducing expectation of rate cut from ECB. EURINR Jan may rise towards 91.50 level as long as it trades above 90.80 levels.

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