Indian rupee opened weak against the dollar and closed with marginal losses even though the dollar index fell sharply.
Domestic equity markets ended the session flat. The benchmark Sensex ended the day at 21,373.66 up by 35.99 points.
The EURUSD gathered momentum, lifting the EURUSD to fresh weekly highs beyond 1.3640 after the German PMI.
The manufacturing PMI in Germany surpassed both estimates and December’s print in January, coming in at 56.3 vs. 54.6 and 54.3, respectively
Eurozone PMI Manufacturing rose to 53.9 points in January, from 52.7 points in December.
Eurozone Services PMI edged up to 51.9 points in January, from 51.0 points in December, above market consensus of 51.4 points.
Eurozone Current Account surplus s.a. widened to €23.5 billion in November from €22.2 billion in October, according to data released by the ECB.