Moneycontrol
Last Updated : Nov 28, 2018 11:24 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking,EURUSD depreciated by 0.34 percent yesterday while EURINR appreciated by 0.09 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.34 percent yesterday while EURINR appreciated by 0.09 percent during the same time frame. EU commission had rejected Italian budget and asked them to revise their spending plans. After initial denial to cut the budget deficit Italy is likely to revise its budget but nothing officially hasn’t been confirmed until now. Meanwhile, EU accepted the Brexit draft deal and Mario Draghi in his speech accepted that the European data have come on a weaker note which is expected as expansion matures.


OUTLOOK


EURINR is expected to move sideways in today’s session.


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First Published on Nov 28, 2018 11:24 am
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