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• India rupee, pound under pressure on dollar strength
• Euro, pound to remain higher on weak dollar index
• India Rupee to appreciate on weak dollar index, Yen under pressure
• Rupee, Euro to weigh down on dollar strength,Yen to jump

The Euro appreciated around 0.2 percent on Monday, after Greece reached an agreement on austerity measures in order to secure a rescue package.

Additionally, upbeat sentiments in the European markets and a weaker dollar also acted as a supportive factor for the currency. The Euro touched an intra-day high of 1.3283 and ended at the level of 1.3194 yesterday.

Outlook

We expect the Euro to decline today mainly on account of rising tensions over Euro Zone debt worries coupled with a stronger dollar.

Courtesy: Angel Broking

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