EURINR is expected to appreciate: Angel Broking

Angel Broking’s currency report on EURINR

EURUSD depreciated by 1.4 percent while EURINR appreciated by 1 percent during the same time frame. EU commission proposes 55 billion euros for Euro zone 2021 – 2027 budget for supporting investment in the region. Euro zone CPI came in at 1.2% for Apr18 against market expectations of 1.3%. Euro zone manufacturing PMI came in line with market expectations at 56.2 for Apr18. Also, services PMI came in line with market expectations for Apr18 at 54.7.

OUTLOOK
EURINR is expected to appreciate in todays 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.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *