JPYINR trading range for the day is 60.30-60.90 - Kedia Advisory
USDINR
BUY USDINR OCT @ 95 SL BELOW 94.8 TGT 95.4
Observations
USDINR trading range for the day is 94.65-95.37.
Rupee rose buoyed by policy measures aimed at boosting the currency
India's current account deficit narrows to $5.2 billion in August as capital account surplus hits $50.6 billion
India's balance of payments recorded a surplus of $45.4 billion in August, compared with a deficit of $5.6 billion a year earlier - RBI
EURINR
SELL EURINR OCT @ 107.6 SL ABOVE 107.9 TGT 107
Observations
EURINR trading range for the day is 106.80-108.08.
Euro remained in range after pressure seen from political uncertainty in Europe, particularly in France.
Energy-driven inflation in the euro zone isn't spreading to other prices, a comforting sign for the European Central Bank, ECB policymaker Pereira said.
Euro zone industrial production decreased by 0.5% in August from the previous month.
GBPINR
SELL GBPINR OCT @ 127 SL ABOVE 127.3 TGT 126.4
Observations
GBPINR trading range for the day is 126.02-127.32.
GBP gained as dollar weakened amid concerns over a potential slowdown in the Al capital expenditure boom that has supported the American economy.
Soaring energy prices so far appear to be having limited wider effects on British prices, Bank of England Governor Andrew Bailey said.
Data from the Office for National Statistics reported a 0.1% increase in Britain's gross domestic product in August
JPYINR
SELL JPYINR OCT @ 60.8 SL ABOVE 61 TGT 60.4
Observations
JPYINR trading range for the day is 60.30-60.90.
JPY steadied after FM Katayama warned that authorities were prepared to intervene in the currency market again if necessary.
Japan core inflation likely exceeded BOJ target for first time since December
BOJ Governor Ueda said policymakers would continue to monitor bond yields closely, reiterating that long-term interest rates should be determined by market forces.
