EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.06 percent yesterday while EURINR appreciated by 0.39 percent during the same time frame.

Angel Broking's currency report on EURINR

EURUSD depreciated by 0.06 percent yesterday while EURINR appreciated by 0.39 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, Italian PM Conte presented the budget in front of the European Union with a target deficit of 2.04 percent.

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