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Last Updated : Apr 26, 2019 11:23 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.85 percent yesterday while EURINR remained flat.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.85percent yesterday while EURINR remained flat. The European Central Bank is prepared to resume its money-printing program if needed to boost inflation in the euro zone but so far it has not discussed such an option. ECB has already bought 2.6 trillion Euros worth of bonds up till now. German business climate came in at 99.2 against market expectations of 99.2 for Mar’19.


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 Apr 26, 2019 11:23 am
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