EURINR : Fundamental View : 21.11.2019
* EURUSD depreciated by 0.05 percent yesterday while EURINR appreciated by 0.23 percent during the same time frame.
* Christine Lagarde has taken the helm of the European Central Bank at a time of rising scepticism over the power of monetary policy. Many believe that ECB will now be just a helpless by stander but
there is plenty more the ECB can do, from further rate cuts to more flexible asset purchases. In September, ECB cut the deposit rate to - 0.5% and restarted net asset purchases.
* EURINR is expected to depreciate in today’s session.
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
* Christine Lagarde has taken the helm of the European Central Bank at a time of rising scepticism over the power of monetary policy. Many believe that ECB will now be just a helpless by stander but
there is plenty more the ECB can do, from further rate cuts to more flexible asset purchases. In September, ECB cut the deposit rate to - 0.5% and restarted net asset purchases.
* EURINR is expected to depreciate in today’s session.