ICICI Direct's currency report on EURINR
Euro slipped by 0.89% yesterday amid strong dollar and risk aversion in the global markets. Further, economic concerns weighed on single currency. Data showed manufacturing activity in euro zone contracted for 18th consecutive month. For today, EURUSD is likely to slip further towards 1.0900 levels amid strong dollar and pessimistic global market sentiments. EURINR Jan may slip towards 91.20 level as long as it trades below 91.80 levels.
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