Sell GBPINR NOV @ 127.2 SL ABOVE 127.6 TGT 126.6 - Kedia Advisory
USDINR
BUY USDINR NOV @ 95.4 SL BELOW 95.25 TGT 95.6
Observations
USDINR trading range for the day is 95.26-95.76.
Rupee seesawed in a narrow range against the dollar before ending little changed, while underlying sentiment remained weak.
RBI flags rising inflation risks from West Asia conflict, El Nino despite resilient Indian economy
India's foreign exchange reserves fell by $5 billion to reach $721.02 billion for the week ending October 16.
EURINR
SELL EURINR NOV @ 107 SL ABOVE 109.3 TGT 106.4
Observations
EURINR trading range for the day is 106.42-107.72.
Euro fell ahead of a busy week of central bank meetings and with crude oil prices remaining elevated.
Consumer confidence indicator in France fell to 80 in October 2026, compared to expectations and September's 85, reaching its lowest level since June 2013.
Eurozone Manufacturing PMI edged down to 52.4 in October 2026, its lowest level in three months, from 52.9 in September and below market expectations of 52.7.
GBPINR
SELL GBPINR NOV @ 127.2 SL ABOVE 127.6 TGT 126.6
Observations
GBPINR trading range for the day is 126.99-127.59.
GBP dropped as investors turned cautious ahead of Wednesday's UK budget.
Chancellor John Healey has pledged to give businesses more "breathing space," raising hopes of cuts to electricity levies.
UK shop price inflation rose to 2.1% year-on-year in October 2026 from 1.4% in September, marking the fastest increase since February 2024.
JPYINR
SELL JPYINR NOV @ 60.7 SL ABOVE 61 TGT 60
Observations
JPYINR trading range for the day is 60.35-60.95.
JPY steadied as investors are preparing for the Bank of Japan's policy meeting this week, where interest rates are widely expected to remain unchanged.
Japan's Services Producer Price Index rose 3.7% year-on-year in September 2026, accelerating from a downwardly revised 3.5% in the previous month.
Japan's coincident economic index rose slightly to 118.8 in August 2026 from a flash estimate of 118.7, but fell from 120.6 in the previous month, marking the lowest reading since May.
