Indian Rupee: PMI resilience contrasts with weakness – Commerzbank
Commerzbank notes that India’s April PMIs (Purchasing Managers' Index) show resilient activity in both manufacturing and services despite global uncertainty and higher input costs. External demand remains firm for goods, while domestic demand drives services.
The Indian Rupee may strengthen against major currencies due to resilient PMI data indicating robust domestic and external demand. This positive sentiment could lead to increased investor confidence in the Indian economy.
Commerzbank notes that India’s April PMIs (Purchasing Managers' Index) show resilient activity in both manufacturing and services despite global uncertainty and higher input costs. External demand remains firm for goods, while domestic demand drives services.
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