Higher numbers than forecast tend to be bullish for INR/xxx pairs and bearish for xxx/INR pairs.
The typical/expected impact on INR pairs is medium.
The consensus forecast for Gross Domestic Product Quarterly (YoY) is 7.2%. A higher value than forecast tends to be bullish for INR/xxx pairs and bearish for xxx/INR pairs.
The most recent announced value for Gross Domestic Product Quarterly (YoY) was 7.8% against a forecast of 7.2%.
Recent economic data has been moderately bullish for INR. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product Quarterly (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| HSBC Composite PMI | Bullish change | 58.1 | 59.3 | ||
| HSBC Services PMI | Bullish change | 58.9 | 59.8 | ||
| HSBC Manufacturing PMI | Bullish change | 54.3 | 55 | ||
| HSBC Composite PMI | Bearish change | 58.2 | 58.1 | ||
| HSBC Manufacturing PMI | Bearish change | 54.7 | 54.3 | ||
| HSBC Services PMI | Bullish change | 58.8 | 58.9 |