Sell GBPINR Oct @ 119.6 SL 119.9 TGT 119.3-119 - Kedia Advisory
USDINR
SELL USDINR OCT @ 88.95 SL 89.1 TGT 88.8-88.7.
Observations
USDINR trading range for the day is 88.62-89.1.
Rupee closed near its all-time low as lingering foreign portfolio outflows and corporate dollar demand kept up pressure.
India's foreign exchange reserves fell to $702.57 billion as of Sept 19, compared with $702.97 billion a week earlier
Foreign investors have net sold nearly $2 billion of local stocks so far this month, pushing up year-to-date outflows to nearly $17 billion.
EURINR.
SELL EURINR OCT @ 104.5 SL 104.8 TGT 104.2-103.9.
Observation
EURINR trading range for the day is 103.7-104.84.
Euro gains as dollar fell as the prospect of a US government shutdown weighed on sentiment.
The index measuring services sentiment in the Euro Area eased to 3.6 in September of 2025 from 3.8 in the previous month.
The Euro Area industry confidence indicator slipped to -10.3 in September 2025 from -10.2 in August
GBPINR
SELL GBPINR OCT @ 119.6 SL 119.9 TGT 119.3-119.
Observation
GBPINR trading range for the day is 119.01-119.87.
GBP gains as dollar seen pressure as the US government faces shutdown risks.
British consumer borrowing rose at the fastest annual pace since October 2024 in August, Bank of England data showed.
Net borrowing of mortgage debt by individuals in the UK decreased by £0.2 billion to £4.3 billion in August 2025, the lowest in three months.
JPYINR
SELL JPYINR OCT @ 59.9 SL 60.1 TGT 59.7-59.5.
Observations
JPYINR trading range for the day is 59.47-60.19.
JPY gains as the greenback retreated on concerns over a possible US government shutdown.
Minutes from the BOJ’s July meeting indicated policymakers remain open to further rate hikes if growth and inflation progress as expected.
In Japan, a busy slate of releases is due, including the business sentiment survey, consumer confidence, industrial production, retail sales.
