Sell GBPINR OCT @ 127.5 SL 127.8 TGT 127.2-126.9 - Kedia Advisory
USDINR
SELL USDINR OCT @ 96.4 SL 96.6 TGT 96.2-96.
Observation
USDINR trading range for the day is 96.08-96.62.
Rupee closed nearly unchanged after hitting a two-month low earlier in the session as crude oil prices continued to dictate the currency's momentum.
Markets now see nearly a 70% probability of another Fed rate increase in October, up sharply from less than 20% a month earlier.
The breach of 96 could prompt the RBI to step up intervention, with the central bank having greater capacity to intervene following the recent buildup in foreign exchange reserves.
EURINR
SELL EURINR OCT @ 109.4 SL 109.7 TGT 109.1-108.8.
Observation
EURINR trading range for the day is 108.71-110.31.
Euro dropped amid a stronger dollar as investors weighed comments from ECB President Christine Lagarde.
Lagarde said the inflation outlook for 2027 and 2028 is now higher than policymakers expected a few months ago, mainly due to higher energy prices.
Euro zone inflation remains on the 'middle' path that requires only measured interest rate hikes from the ECB.
GBPINR
SELL GBPINR OCT @ 127.5 SL 127.8 TGT 127.2-126.9.
Observations
GBPINR trading range for the day is 127-128.3.
GBP dropped as dollar remaining near two-month highs amid expectations that Fed will tighten policy further to combat energy-driven inflation.
UK shop price inflation eased to 1.4% year-on-year in September 2026 from 1.5% in August, slightly below market expectations of 1.5%.
Public inflation expectations in Britain rose in September, a survey from U.S. bank Citi and pollsters YouGov showed.
JPYINR
SELL JPYINR OCT @ 61.3 SL 61.6 TGT 61-60.8.
Observations
JPYINR trading range for the day is 61.08-61.74.
JPY dopped on profit booking after support seen as fresh verbal warnings from Tokyo lent support to the currency.
FM Katayama said President Donald Trump had raised concerns over the yen during a meeting with Prime Minister Sanae Takaichi.
Flash Japan’s S&P Global Services PMI Business Activity Index fell to 51.6 in September 2026 from a final 52.5 in August
