Moneycontrol
Last Updated : Nov 30, 2018 10:52 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.22 percent yesterday while EURINR appreciated by 0.58 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.22 percent yesterday while EURINR appreciated by 0.58 percent during the same time frame. EU commission had rejected Italian budget and asked them to revise their spending plans. Italy is ready to revise its budget deficit by 0.2 percent down to 2.2 percent which is still above EU’ s target of 2 percent . Meanwhile, German CPI came in at 0.1 percent for Oct’ 18 against market expectations of 0.2 percent.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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First Published on Nov 30, 2018 10:52 am
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