Moneycontrol
Last Updated : Dec 06, 2018 11:11 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

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


Angel Broking's currency report on EURINR


EURUSD remained flat yesterday while EURINR depreciated by 0.2 percent during the same time frame. EU commission had rejected Italian budget and asked them to revise their spending plans. Italy is ready to revise its budget deficit by 0.2 percent down to 2.2 percent which is still above EU’s target of 2 percent. Italy’s PM assured that the revised budget will be ready soon. Meanwhile, manufacturing PMI from Euro zone came in at 51.8 against market expectations of 51.3 for Nov’18.


OUTLOOK


EURINR is expected to move sideways 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 Dec 6, 2018 11:11 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant