There will be a magnetic moment, usually denoted by μi associated with this circulating current.
Its magnitude is μi=Iπr2=evr/2.
Multiplying and dividing the right hand side of the above expression by the electron mass me,
We have μl=2mee(mevr)=2meel
Here, l is the magnitude of the angular momentum of the electron about the central nucleus (orbital angular momentum). Vectorially, μl=−2meel
The negative sign indicates that the angular momentum of the electron is opposite in direction to the magnetic moment.