IGI Logo

USDINR

BUY USDINR NOV @ 95.1 SL BELOW 94.9 TGT 95.5

Observations

USDINR trading range for the day is 95.03-95.65.

Rupee strengthened, bolstered by policy measures to support the currency by curbing dollar demand.

India's fiscal deficit in the months of April to September stood at 7.15 trillion rupees ($75.24 billion), or 42.1% of the target for the financial year ending March.

India’s industrial production growth slowed to 6.7% year-on-year in September 2026, down from a downwardly revised 7.8% in August and below market expectations of 7.2%.

EURINR

SELL EURINR NOV @ 107.3 SL ABOVE 107.6 TGT 106.7

Observations

EURINR trading range for the day is 106.62-107.75.

Euro edged higher after the ECB kept interest rates unchanged and dollar eased after data showing rising US inflation.

ECB left interest rates unchanged in a well-telegraphed move but warned inflation risks were rising due to surging energy costs.

The Eurozone Economic Sentiment Indicator fell for a second consecutive month to 96.9 in October 2026, missing market expectations of 97.5.

GBPINR

SELL GBPINR NOV @ 128.2 SL ABOVE 128.6 TGT 127.6

Observations

GBPINR trading range for the day is 127.53-128.24.

GBP gains after FM Healey unveiled a cautious budget featuring tax and spending measures designed to support households”

Net borrowing of mortgage debt by UK individuals decreased to £3.9 billion in September, from £4.2 billion in August.

The UK economy is forecast to grow by 1% in 2027, according to the latest projections from the Office for Budget Responsibility

JPYINR

SELL JPYINR NOV @ 61 SL ABOVE 61.2 TGT 60.6

Observations

JPYINR trading range for the day is 60.50-61.10.

JPY dropped after the Bank of Japan kept its policy rate at 1.25%, in line with market expectations.

Japan’s industrial production increased by 2.2% month-over-month in September 2026, reversing a 2.4% decline in the previous month.

Retail sales in Japan advanced 2.3% year-on-year in September 2026, below market expectations for a 3.3% rise