Sell GBPINR SEP @ 120.2 SL 120.5 TGT 119.9-119.6. - Kedia Advisory
USDINR
BUY USDINR SEP @ 88.65 SL 88.5 TGT 88.8-88.9.
Observations
USDINR trading range for the day is 88.13-89.13.
Rupee declined to a lifetime low with pressure intensifying after the U.S. raised visa fees.
S&P Global Ratings projects India’s economy to remain steady at 6.5% growth in FY25–26.
The HSBC India Services PMI fell to 61.6 in September 2025, down from 62.9 in August
EURINR
SELL EURINR SEP @ 104.9 SL 105.2 TGT 104.6-104.3.
Observations
EURINR trading range for the day is 103.99-105.17.
Euro gained as weakness in Rupee supported as investors digested mixed PMI data and weighed potential implications for the ECB’s policy path.
Germany’s HCOB Manufacturing PMI slipped to 48.5 in September 2025, down from 49.8 in August
The HCOB Flash France Manufacturing PMI dropped to 48.1 in September 2025 from 50.4 in August, missing expectations of 50.2.
GBPINR
SELL GBPINR SEP @ 120.2 SL 120.5 TGT 119.9-119.6.
Observations
GBPINR trading range for the day is 119.23-120.51.
GBP gains as weakness in Rupee supported despite weaker-than-expected PMI data and wary of the UK’s fiscal outlook
UK Manufacturing PMI fell to 46.2 in September 2025, down from 47.0 in August and below market expectations of 47.1.
UK Services PMI fell to 51.9 in September 2025 from 54.2 in August which was the highest since April 2024.
JPYINR
SELL JPYINR SEP @ 60.2 SL 60.4 TGT 60-59.8.
Observations
JPYINR trading range for the day is 59.82-60.42.
JPY gained as the greenback softened while investors reassessed the Federal Reserve’s policy outlook.
Political uncertainty in the US also pressured the dollar, with congressional funding talks to avoid a September 30 shutdown.
The central bank said the economy is recovering moderately but highlighted areas of weakness and risks from global trade policies.
