Lower numbers than forecast tend to be bullish for xxx/INR pairs and bearish for INR/xxx pairs.
The most recent announced value for Gross Domestic Product Quarterly (YoY) was 5.4% against a forecast of 6.5%.
Recent economic data has been moderately bearish for INR. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product Quarterly (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
HSBC Manufacturing PMI | Bearish change | 57.3 | 56.5 | ||
HSBC Composite PMI | Bullish change | 59.1 | 59.5 | ||
HSBC Manufacturing PMI | Bearish change | 57.5 | 57.3 | ||
HSBC Services PMI | Bullish change | 58.5 | 59.2 |