Buy EURINR; target of : 90.00 : February 21, 2024: ICICI Direct

Rupee

ICICI Direct's currency report on EURINR

Euro gained by 0.28% yesterday amid weak dollar and improved economic data from euro zone. Eurozone new car registrations increased in January and construction output rose by the most in 10 months in December. For today, EURUSD is likely to hold the support near 1.0770 level and rise towards 1.0850 level amid weak dollar and signs of economic strength in the Eurozone. EURINR Feb may rise towards 90.00 level as long as it trades above 89.35 levels.

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21022024 - curre