Moneycontrol
Last Updated : Nov 26, 2018 11:41 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking,EURUSD depreciated by 0.2 percent last week while EURINR appreciated by 1.33 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.2 percent last week while EURINR appreciated by 1.33 percent during the same time frame. EU commission had rejected Italian budget and asked them to revise their spending plans. But Italy reiterated that they cannot revise their budget plans and are ready to face sanctions from EU commission. The EU released its September Current Account, which resulted at Euro 17.0B seasonally adjusted, vs. the previous Euro 24.3B.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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First Published on Nov 26, 2018 11:41 am
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