Sell GBPINR Nov @ 117.3 SL 117.6 TGT 117-116.7 - Kedia Advisory
USDINR
SELL USDINR NOV @ 89.7 SL 89.85 TGT 89.55-89.4.
Observations
USDINR trading range for the day is 88.21-90.39.
Rupee weakened to a fresh lifetime low of 89.45 amid persistent uncertainty over the US–India trade standoff.
The HSBC India Manufacturing PMI fell to 57.4 in November 2025 from October’s 59.2, below forecasts of 59.
The HSBC India Services PMI climbed to 59.5 in November 2025, up from October’s five-month low of 58.9.
EURINR
SELL EURINR NOV @ 103.25 SL 103.5 TGT 103-102.7.
Observations
EURINR trading range for the day is 101.91-103.93.
Euro rose amid weakness in Rupee and amid increasing bets for the Fed rate cut in December.
Euro Area consumer confidence stood at -14.2 in November 2025, the highest in 8 months, unchanged from October but falling short of forecasts of -14.
ECB’s Gabriel Makhlouf said current monetary policy is appropriate, with any adjustment unlikely unless a significant change occurs.
GBPINR
SELL GBPINR NOV @ 117.3 SL 117.6 TGT 117-116.7.
Observations
GBPINR trading range for the day is 115.53-117.93.
GBP edged up as investors continued to process the previous day's inflation data and position for Britain's much-discussed upcoming budget.
The GfK Consumer Confidence Index for the UK fell to -19 in November 2025 from -17 in October, coming in below expectations of -18.
UK retail sales volumes fell 1.1% month-on-month in October 2025, defying expectations for flat reading
JPYINR
SELL JPYINR NOV @ 57.2 SL 57.4 TGT 57-56.8.
Observations
JPYINR trading range for the day is 56.13-57.71.
JPY rose after Finance Minister Satsuki Katayama suggested that intervention was possible to curb excessive volatility and speculative moves.
The S&P Global Japan Manufacturing PMI rose to 48.8 in November 2025, up from 48.2 in October, which had marked the weakest level in 19 months.
The S&P Global Japan Services PMI held at 53.1 in November 2025, unchanged from October’s final reading.
