Sell GBPINR OCT @ 127.1 SL ABOVE 127.4 TGT 126.6 - Kedia Advisory
USDINR
SELL USDINR OCT @ 95 SL ABOVE 95.2 TGT 94.6
Observations
USDINR trading range for the day is 94.69-95.11.
Rupee easing slightly from multi-week highs as rising oil prices and a global flight to safety weighed on the currency.
Brent crude climbed to nearly $115 amid concerns over supply disruptions, raising India's import costs and potentially spurring further hedging by importers.
RBI's recent foreign-exchange measures have curbed dollar demand and provided some relief.
EURINR
SELL EURINR OCT @ 106.95 SL ABOVE 107.25 TGT 106.5
Observations
EURINR trading range for the day is 106.42-107.42.
Euro steadied as rising oil prices, driven by escalating tensions in the Middle East, kept market sentiment cautious.
Euro zone consumers nudged up their inflation expectations for the next 12 months in September
Euro zone consumer confidence fell by 1.1 points in October from the September number.
GBPINR
SELL GBPINR OCT @ 127.1 SL ABOVE 127.4 TGT 126.6
Observations
GBPINR trading range for the day is 126.77-127.34.
GBP gains as investors assessed a mixed batch of economic data ahead of next week's budget and the Bank of England's November 5 policy meeting.
The UK GfK Consumer Confidence Index plunged 11 points to -24 in October 2026 from 13 in September, marking its sharpest monthly decline since April 2020.
Output in Britain's manufacturing sector is expected to stabilise in the next three months despite a dip in orders in October.
JPYINR
SELL JPYINR OCT @ 61 SL ABOVE 61.3 TGT 60.5
Observations
JPYINR trading range for the day is 60.65-61.30.
JPY dropped on profit booking after seen supported amid global selloff in technology and artificial intelligence stocks boosted demand for safe-haven assets.
Japan Manufacturing PMI declined to 53.3 in October 2026 from 54.1 in September, falling below market forecasts of 54.5
Global Services PMI Business Activity Index rose to 52.0 in October 2026 from a final reading of 51.3 in the previous month
