IGI Logo

USDINR

Observations

USDINR trading range for the day is 83.23-83.37.

Rupee dropped amid persistent concerns that U.S. interest rates will stay higher for longer.

The S&P Global India Manufacturing PMI slipped to 57.5 in September 2023 from 58.6.

India’s unemployment rate declines to 1-year low in September

SELL USDINR OCT @ 83.4 SL 83.55 TGT 83.25-83.12. 

EURINR 

Observations 

EURINR trading range for the day is 87.12-87.66.

Euro dropped tracking global markets lower as a strong dollar and surging Treasury yields dented investor sentiment.

Eurozone Manufacturing PMI was confirmed at 43.4 in September 2023, remaining little changed from the previous month's 43.5.

Germany Manufacturing PMI was revised slightly lower to 39.6 in September 2023 from a preliminary of 39.8

SELL EURINR OCT @ 87.5 SL 87.7 TGT 87.25-87.1. 

GBPINR 

Observations

GBPINR trading range for the day is 100.21-101.05.

GBP dropped as investors assessed signs of cooling inflation in light of expectations

The most recent PMI survey indicated that manufacturing activity contracted sharply in September

The latest GDP report from last week suggested that Britain's economy grew by 0.2% in Q2

BUY GBPINR OCT @ 100.25 SL 100 TGT 100.6-100.8. 

JPYINR 

Observations 

JPYINR trading range for the day is 55.74-56.04.

JPY dropped prompting Finance Minister Shunichi Suzuki to warn that he was watching currency moves “cautiously”

Japan Finmin Suzuki says authorities stand ready to respond in forex market

Japan monetary base spikes 5.6% on year in September

BUY JPYINR OCT @ 55.65 SL 55.45 TGT 55.9-56.1.