Moneycontrol
Mar 21, 2017 12:14 PM IST | Source: Moneycontrol.com

EURINR is expected to trade lower: Angel Broking

According to Angel Broking, Euro currency spot traded higher by 0.01 percent (EURUSD) in the international markets however declined by 0.20 percent (EURINR) in the domestic market; all due to rupee appreciation.

EURINR is expected to trade lower: Angel Broking

Angel Broking's currency report on EURINR


Yesterday, the Euro currency spot traded higher by 0.01 percent (EURUSD) in the international markets however declined by 0.20 percent (EURINR) in the domestic market; all due to rupee appreciation.  In the recent Euro - group meetings, the EU finance ministers discussed about budget plans of member states for this year. They also spoke about Greece’s debt problems and bailout loan on which there is so far no progress. Due to all the above factors, EURINR spot is expected to trade lower.


OUTLOOK
Due to all the above factors, EURINR spot is expected to trade lower.

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