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USDINR

Observations

USDINR trading range for the day is 83.25-83.47.

Rupee closed stronger aided by robust domestic economicdata and slight weakness in the greenback.

The S&P Global India Manufacturing PMI rose to 56.0 inNovember 2023 from October's 8-month low of 55.5

India's economy grew better than expected in the secondquarter of FY24

SELL USDINR NOV @ 83.4 SL 83.55 TGT 83.50-83.1.

EURINR

Observations

EURINR trading range for the day is 90.66-91.14.

Euro dropped after Eurozone inflation came in broadlybelow expectations

Euro zone factory downturn eased a touch in November –PMI

Euro zone economic sentiment inches up in November

SELL EURINR DEC @ 90.9 SL 91.15 TGT 90.6-90.4.

GBPINR

Observations

GBPINR trading range for the day is 105.08-105.78.

GBP steadied amid sluggish US Treasury yields, and hawkishBoE commentary continue to underpin the sentiment.

The S&P Global/CIPS UK Manufacturing PMI was revisedupward to 47.2 in November 2023

Governor Andrew Bailey stated on that the central bankwould take necessary measures to bring inflation down its 2% target.

SELL GBPINR DEC @ 105.7 SL 106 TGT 105.4-105.2

JPYINR

Observations

JPYINR trading range for the day is 56.36-56.76.

JPY dropped in the wake of the recent less-hawkish remarksby Bank of Japan (BoJ) officials.

Japan factory activity shrinks the most in 9 months

Japan’s unemployment rate unexpectedly was at 2.5% inOctober 2023, compared with market forecasts and aSeptember reading of 2.6%

BUY JPYINR DEC @ 56.5 SL 56.3 TGT 56.7-56.85