Sell GBPINR NOV @ 116.6 SL 116.9 TGT 116.3-116 - Kedia Advisory
USDINR
SELL USDINR NOV @ 88.7 SL 88.85 TGT 88.55-88.45.
Observations
USDINR trading range for the day is 88.47-88.87.
Rupee inched up, helped by modest inflows and dollar sales from state-run banks.
India’s unemployment rate fell to 5.2% in the July–September quarter, down from 5.4% in the previous three months.
India's foreign exchange reserves experienced a significant decline of $5.6 billion, reaching $689.73 billion by October 31, 2025.
EURINR
SELL EURINR NOV @ 102.75 SL 103 TGT 102.5-102.25.
Observations
EURINR trading range for the day is 102.46-102.88.
Euro steadied as investors hope the US government shutdown may soon end and await remarks from ECB and Fed officials for further policy guidance.
ECB’s Guindos said that policy rates are currently appropriate and stressed the need for the ECB to remain “very prudent and cautious”
The ECB is widely expected to keep interest rates steady for the foreseeable future, supported by a resilient economy.
GBPINR
SELL GBPINR NOV @ 116.6 SL 116.9 TGT 116.3-116.
Observations
GBPINR trading range for the day is 115.93-117.29.
GBP dropped as British unemployment rose, while annual wage growth slowed slightly to 4.6% in the three months to September.
BOE is closely watching pay growth for signs of how persistent domestic inflation pressures are likely to prove.
UK retail sales rose 1.5% year-on-year on a like-for-like basis in October 2025, easing from 2% in September to the weakest pace in five months.
JPYINR
SELL JPYINR NOV @ 57.7 SL 57.9 TGT 57.5-57.3.
Observations
JPYINR trading range for the day is 57.53-57.75.
JPY dropped as optimism over a potential US government reopening reduced safe-haven demand.
Japan’s current account surplus surged to a record high of JPY 4,483.3 billion in September 2025.
BOJ’s October Summary of Opinions indicated policymakers are eyeing the next rate hike while closely tracking domestic wage trends
