Moneycontrol
Last Updated : Dec 27, 2018 11:10 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURINR depreciated by 0.09 percent yesterday while EURINR appreciated by 0.15 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.09 percent yesterday while EURINR appreciated by 0.15 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 move sideways in today’s session.


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First Published on Dec 27, 2018 11:10 am
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