According to Angel Broking, EURUSD appreciated by 0.4 percent last week while EURINR appreciated by 0.51 percent the same time frame.
Angel Broking's currency report on EURINR
EURUSD appreciated by 0.4 percent last week while EURINR appreciated by 0.51 percent the same time frame. The European Central Bank decided to cut rates to -0.5% and also decided to start a QE program of €20 billion per month from Nov’19.The stimulus package came in as the underlying inflation remained generally muted, and the risks surrounding growth outlook remain tilted to the downside, according to Draghi’s words. European growth and inflation forecast were revised downwards.
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.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.