SELL EURINR OCT @ 103.7 SL 104 TGT 103.4-103.1- Kedia Advisory
USDINR
SELL USDINR OCT @ 88.9 SL 89.05 TGT 88.75-88.65.
Observations
USDINR trading range for the day is 88.8-88.92.
Rupee lumbered in a tight band holding above its all-time low even as the U.S. dollar continued to charge higher,
RBI Governor Sanjay Malhotra stated that current global trade policies could inflict long-term harm on growth in certain economies.
The World Bank raised India’s economic growth forecast for FY 2025/26 to 6.5%, up from 6.3% in June. However
EURINR
SELL EURINR OCT @ 103.7 SL 104 TGT 103.4-103.1.
Observations
EURINR trading range for the day is 103.27-103.69.
Euro falls as mounting political turmoil in France and disappointing economic data from Germany rattled investors.
German industrial production slumped 4.3% month-over-month in August—the sharpest decline since March 2022.
Retail Sales in the Euro Area increased 0.10 percent in August of 2025 over the previous month.
GBPINR
SELL GBPINR OCT @ 119.35 SL 119.7 TGT 119-118.7.
Observations
GBPINR trading range for the day is 118.85-119.51.
GBP remained in range amid uncertainty about whether the BOE will cut interest rates again in the monetary policy meetings remaining this year.
Ongoing US government shutdown is expected to be a major drag on the US Dollar’s outlook.
Investors await BoE Pill’s speech for fresh cues on the monetary policy outlook.
JPYINR
SELL JPYINR OCT @ 58.3 SL 58.5 TGT 58.1-57.9.
Observations
JPYINR trading range for the day is 58-59.5.
JPY dropped as softer-than-expected wage data dampened prospects for Bank of Japan rate hikes.
Japan’s real wages fell 1.4% in August from a year earlier, marking the eighth straight monthly decline as inflation continued to outpace pay growth.
Japan’s current account surplus decreased to JPY 3,775.8 billion in August 2025, down from JPY 3,966.1 billion in the same month a year earlier
