Moneycontrol
Last Updated : Oct 10, 2018 01:23 PM IST | Source: Moneycontrol.com

EURINR is expected to depreciated today: Angel Broking

According to Angel Broking, EURUSD remained flat yesterday while EURINR depreciated by 0.2 percent during the same time frame.

With the fall in the value of the Turkish Lira making the headlines, it brings back memories of other countries that have seen the worst of such a spiraling trend in inflation. Read on to find out more about countries that have made billionaires of its citizens, with no real prosperity to back it. (Image: Reuters)
With the fall in the value of the Turkish Lira making the headlines, it brings back memories of other countries that have seen the worst of such a spiraling trend in inflation. Read on to find out more about countries that have made billionaires of its citizens, with no real prosperity to back it. (Image: Reuters)

Angel Broking's currency report on EURINR


EURUSD remained flat yesterday while EURINR depreciated by 0.2 percent during the same time frame. The Italian government decided to set a 2.4% budget deficit, defying European demands. Italy’s bond and equities suffer heavily after a sharp sell off as investors were worried about a deepening spat between Italy and EU over the country’s budget. Meanwhile, following Italy’s footsteps even French leaders started making anti - EU statements.


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.

First Published on Oct 10, 2018 10:10 am
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