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Last Updated : Dec 24, 2018 11:48 AM IST | Source: Moneycontrol.com

EURINR is expected to depreciate: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.61 percent yesterday while EURINR appreciated by 0.37 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 1.4 percent last week while EURINR appreciated by 1.26 percent during the same time frame. ECB in its latest monetary policy meeting yesterday will end the QE program by the end of Dec’18. The ECB also said it would continue to reinvest cash from maturing bonds for an extended period of time. Meanwhile, EU current account surplus released earlier on the day rose to €23 billion in October from €17.6 billion in September.


OUTLOOK


EURINR is expected to depreciate in today’s session.


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




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First Published on Dec 24, 2018 11:48 am
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