According to Angel Broking, EURUSD depreciated by 0.2percent yesterday while EURINR appreciated by 0.46 percent during the same time frame.
Angel Broking's currency report on EURINR
URUSD depreciated by 0.2percent yesterday while EURINR appreciated by 0.46 percent during the same time frame. Falling demand and businesses booking the weakest rise in output for five-and-a-half years limited the gains. Even the IHS Markit Eurozone Composite Purchasing Manager’s Index declined to 50.7 in January from 51.1 in December. Meanwhile, the Eurozone GDP came in line with market expectations at 0.2 percent. PPI from Euro zone camein at -0.8 percent against market expectations of -0.7 percent for Jan’19.
EURINR is expected to appreciate in today’s session.
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