Moneycontrol
Last Updated : Feb 04, 2019 11:37 AM IST | Source: Moneycontrol.com

EURINR is expected to trade appreciate: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.9 percent last week while EURINR depreciated by 1.05 percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.9 percent last week while EURINR depreciated by 1.05 percent the same time frame. Falling demand and businesses booking the weakest rise in output for five - and - a - half years limited the gains. Even the IHS Markit Eurozone Composite Purchasing Manager’s Index declined to 50.7 in January from 51.1 in December. Meanwhile, the Eurozone GDP came in line with market expectations at 0.2 percent. As per the expectation of the market the ECB kept the monetary policy unchanged, Mr.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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First Published on Feb 4, 2019 11:37 am
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