Sell EURINR SEP @ 104.4 SL 104.7 TGT 104.1-103.8 - Kedia Advisory
USDINR
BUY USDINR SEP @ 88.65 SL 88.5 TGT 88.8-88.9.
Observations
USDINR trading range for the day is 88.57-88.89.
Rupee ended nearly flat as RBI intervention by helped stave off pressure amid worries over steep U.S. tariffs and a visa fee hike.
OECD raised India’s GDP growth forecast for 2025 to 6.7%, up from its earlier projection of 6.3% in June
S&P Global Ratings, projected India’s economy to remain steady with 6.5% growth in FY25–26
EURINR
SELL EURINR SEP @ 104.4 SL 104.7 TGT 104.1-103.8.
Observations
EURINR trading range for the day is 103.84-105.24.
Euro edged lower, as investors digested mixed PMI data and weighed potential implications for the ECB’s policy path.
The HCOB Eurozone Composite PMI rose slightly to 51.2 in September, broadly in line with expectations of 51.1.
Services growth outperformed forecasts, while the manufacturing sector slipped back into contraction, falling short of expectations.
GBPINR
SELL GBPINR SEP @ 119.8 SL 120.1 TGT 119.5-119.2.
Observations
GBPINR trading range for the day is 118.93-120.47.
GBP slipped as investors digested weaker-than-expected PMI data and remained wary of the UK’s fiscal outlook.
September’s S&P Global PMI indicated a sharp slowdown in UK's private-sector activity, missing market expectations.
Services output rose at a slower pace, while the manufacturing sector contracted further.
JPYINR
SELL JPYINR SEP @ 60 SL 60.2 TGT 59.8-59.6.
Observations
JPYINR trading range for the day is 59.79-60.19.
JPY weakened the dollar strengthened after Fed’s Powell adopted a cautious stance on further policy easing.
Japan Manufacturing PMI declined to 48.4 in September 2025 from a final reading of 49.7 in August.
Japan Services PMI edged down to 53.0 in September 2025 from a final 53.1 in the prior month
