Sell EURINR SEP @ 110.3 SL 110.6 TGT 110-109.7 - Kedia Advisory
USDINR
SELL USDINR SEP @ 96 SL 96.2 TGT 95.8-95.6.
Observations
USDINR trading range for the day is 95.62-96.3.
Rupee ended flat, as likely central bank intervention and inflows related to an equity index rebalancing helped cushion the impact from a US interest rate hike.
Reserve Bank of India also likely conducted dollar-rupee sell/buy swaps to drain excess rupee liquidity from the banking system.
India's retail inflation reached 4.8% in August, its highest level since January
EURINR
SELL EURINR SEP @ 110.3 SL 110.6 TGT 110-109.7.
Observations
EURINR trading range for the day is 109.6-110.98.
Euro dropped as dollar gained and US President Trump threatened to impose tariffs on the EU, or potentially halt trade with the bloc altogether
Eurozone annual inflation accelerated to 3.2% in August 2026, matching May’s two-and-a-half-year high.
The ECB raised rates for a second time this year last week, citing renewed inflation risks from higher energy prices.
GBPINR
SELL GBPINR SEP @ 128.5 SL 128.8 TGT 128.2-127.9.
Observations
GBPINR trading range for the day is 127.87-129.17.
GBP dropped pinned down by elevated crude oil prices ahead of interest-rate decisions from the Bank of England.
The BOE’s MPC voted 6–3 to keep Bank Rate unchanged at 3.75% at its September 16, 2026 meeting, in line with market expectations.
Britain's jobs market remained weak with pay growth near a six-year low, the fewest vacancies since 2021 and hiring down
JPYINR
SELL JPYINR SEP @ 61.5 SL 61.7 TGT 61.3-61.1.
Observations
JPYINR trading range for the day is 61.2-61.5.
JPY dropped pressured mainly by the dollar’s strength following the latest Federal Reserve policy decision.
The Bank of Japan is expected to raise borrowing costs on Friday, with another increase anticipated by the end of January.
Japan’s trade deficit widened significantly to JPY 1,105.6 billion in August 2026 from JPY 294.1 billion a year earlier
