Angel Broking Pvt Ltd

Published on Friday, November 08, 2013 9:23 AM

Euro/INR Outlook - In today’s session, we expect Euro to trade lower on account of cut in the key rates by the ECB in yesterday’s trade and possibility of further cut in rates possible if situation demands. Further, weak market sentiments along with strength in the DX will add downside pressure on the currency. However, sharp downside in the currency will be cushioned as a result of expectations of favorable economic data from
the region.