Convert EUR to INR - Euro to India Rupees Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/INR EXCHANGE RATE
The EUR/INR currency pair trades the Euro against the Indian rupee and is a forex pair that requires considerable skill and knowledge about both developed as well as emerging markets to trade. This is because the Euro is one of the major currencies in the world and is considered a stable currency, backed by the developed economy of the Eurozone. On the other hand, India is one of the biggest emerging markets in the world and its currency, the Indian rupee, is subject to high levels of volatility by events taking place both within the country as well as around the world.Key factors that impact the exchange rate of EUR/INR include key economic data releases from Europe and India, monetary policy decisions by the European Central Bank (ECB) and the Reserve Bank of India (RBI), as well as political developments like elections.Some of the important economic data that drive movement in the EUR and the INR include GDP, employment, inflation, trade balance, industrial activity and consumer confidence reports from European countries as well as from India. In addition, any changes in the interest rate or monetary policy of the ECB or the RBI can also cause changes to USD/INR's exchange rate.
EUR to INR CONVERSION RATES
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EUR to INR CHARTS
EUR/INR Live Chart
EUR/INR Historical Chart
EUR to INR EXCHANGE RATE - FAQ
What was the highest exchange rate for EUR/INR this year?

EUR/INR touched a high of 89.030 on 18 August 2020. This is the highest level seen so far in 2020 for this currency pair.

How do central bank decisions impact the value of EUR and INR?

Changes to the monetary policy and interest rates are key indicators that reflect the health of the economy. For instance, when the ECB eases its monetary policy or lowers interest rates, it signals that the Eurozone economy is in need of support. As a result, the confidence in the Eurozone economy reduces, weakening the Euro. On the other hand, when the ECB or the RBI hikes interest rates or adopts a more hawkish stance on the monetary policy, it strengthens the EUR or the INR respectively.

How does business sentiment impact the value of the Euro and the Indian rupee?

An increasing confidence among companies in Europe or India about the business outlook signifies prospects for stronger economic growth, and hence, increases the value of the Euro or the Indian rupee. When the business sentiment drops or turns negative, it indicates pessimism among companies about the state of the economy, which brings down the respective region’s currency.