Euro is attempting a small rebound from a three week low against the dollar amid dovish comments from ECB?s Isabel Schnabel. The most recent inflation number has made a further rate increase rather unlikely, she stated in an interview although she confirmed that our key policy rates need to remain sufficiently restrictive for as long as necessary to bring inflation back to 2% target in a sustainable manner. The recent inflation print has given me more confidence that we will be able to come back to 2% no later than 2025, she further noted. EURUSD was managing to cling on to $1.0841, up marginally on the day. The recent rebound in dollar overseas is also seen adding pressure on the counter. Services PMI in Germany and the broader Eurozone surpassed the preliminary prints at 49.6 and 48.7, respectively, for the month of November. Meanwhile, on the NSE, EURINR fell 0.28% to 105.39 after a gap down opening at 105.45.

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