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Last Updated : Aug 27, 2019 12:28 PM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.39 percent yesterday while EURINR depreciated by 0.04 percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.39 percent yesterday while EURINR depreciated by 0.04 percent the same time frame. Political turmoil in Italy, as Deputy PM, Matteo Salvini, said that a 50B euro budget is necessary in 2020 to bring about a “shock” fiscal stimulus program, while PM Conte resigned after Salvini broke their coalition government and called for an election. Salvini, later declared that he is willing to stay in the government to approve the budget.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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First Published on Aug 27, 2019 12:28 pm
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