Moneycontrol
Last Updated : Feb 28, 2018 11:13 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.69 percent while EURINR appreciated by 0.16 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.69 percent while EURINR appreciated by 0.16 percent during the same time frame. ECB governor Mario Draghi said that inflation has remained subdued in the Eurozone suggested that bond buyback could be extended. German CPI m/m came in line with market expectations of 0.5% for Jan’ 18. Spanish CPI came in at 1.1% against market expectations of 0.9% in Jan’ 18.


OUTLOOK
EURINR is expected to appreciate in the coming session.

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First Published on Feb 28, 2018 11:13 am
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