The EUR/INR (euro to Indian rupee) currency pair is an important indicator for anyone involved in economic relations between the European Union and India. Traders keep a close watch on this cross rate, as India is one of Europe’s key trading partners.
In this article, we are going to look at where you can effectively track the EUR/INR exchange rate in real time, what drives its movement, and how you can make the most of this information for profit, even if you trade classic Forex.
Today, you don’t need to have access to expensive Bloomberg Terminals to follow exchange rates. If you want to quickly check the current value of the euro against the rupee, there are several user-friendly options you can choose from.
🔹Search engines. Simply type “EUR/INR” or “euro to rupee exchange rate” into a search bar. Google will instantly display an interactive chart. This works well for quick checks but isn’t always suitable for more in-depth analysis.
🔹Trading platforms, e.g., TradingView. These professional tools allow you to analyze the EUR/INR chart using indicators, mark support and resistance levels, and compare price dynamics over decades.
🔹Currency converters. These are useful for one-off calculations when you need to convert a specific amount.
The EUR/INR pair is a cross rate. This means its moves depend not only on India’s economy but also on the strength of the euro globally.
Key influencing factors:
➕ECB and RBI monetary policy. Interest rate decisions in Europe and India shape capital flows. If the ECB hikes its rates, the euro typically strengthens against the rupee.
➕Commodity prices (especially oil). This is a crucial factor for India. As a major oil importer, rising energy prices typically weaken the rupee against most currencies, including the euro.
➕Trade balance. Indian exports to Europe and imports of European technology create ongoing supply and demand for this currency pair.
Many newbies try to trade EUR/INR directly. But, more often than not, exotic pairs come with wide spreads and unpredictable volatility. Professionals take a different route and treat EUR/INR as an indicator to profit from correlated assets instead.
If you notice the rupee weakening dramatically on the EUR/INR chart, this often aligns with rising global oil prices. Rather than dealing with expensive rupee spreads, you can launch the Gerchik & Co trading platform and trade oil (WTI or Brent).
Why does this approach work?
🔗Gerchik & Co offers oil CFDs with excellent liquidity.
🔗Oil is a more transparent and technically tradable asset than exotic currency pairs.
🔗The rupee’s moves become a leading signal for entering the energy market.
If you are already used to keeping a close eye on EUR/INR, you are thinking analytically. At Gerchik & Co, you can apply this to assets with better trading conditions.
Here are your advantages when trading with Gerchik & Co:
Access to 1500+ global assets. Aside from currency pairs, you can trade CFDs on gold, oil, and indices. Your understanding of the rupee can be used when trading oil, where spreads are much tighter.
Low entry threshold. You can start with a demo account or open a live account with a deposit of just $100.
Risk Manager. One of the biggest issues when trading volatile assets like EUR/INR is emotional drawdowns. Our automated Risk Manager solution has your back by ensuring that losses never exceed your predefined limits.
Tight spreads and transparent pricing. We provide direct order execution, which is critical when working with fast-moving markets.
Tracking the EUR/INR exchange rate helps you understand broader macroeconomic dynamics. But if your goal is to earn money from trading, it makes more sense to focus on highly liquid assets with transparent conditions.
Check out the relationship between the rupee, oil, and gold, use top-tier analytics, and trade with Gerchik & Co. We give you the tools to turn market insights into actual profits.
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