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USDINR

Observations

USDINR trading range for the day is 84.11-84.19.

Rupee ended little changed on expectations that the country's central bank would shield the domestic unit's fall.

India gov't report maintains economic growth forecast but flags global risks

Indian economy to grow between 6.5%- 7.0% in the current fiscal year, says finance ministry

SELL USDINR NOV @ 84.2 SL 84.28 TGT 84.12-84.04.

EURINR

Observations

EURINR trading range for the day is 90.91-91.19.

Euro steadied after a series of data pointed to further deterioration in the regional economy.

The GfK Consumer Climate Indicator for Germany rose to -18.3 heading into November 2024

Some ECB policymakers have expressed concern about inflation falling below 2% and forcing the central bank to act quickly.

SELL EURINR NOV @ 91.1 SL 91.3 TGT 90.9-90.7.

GBPINR

Observations

GBPINR trading range for the day is 108.86-109.4.

GBP consolidates ahead of a US data-heavy week and the UK’s Autumn Forecast Statement.

UK Chancellor Rachel Reeves is expected to announce massive funding for the health service sector.

Prices in British shops fell at the fastest pace in more than three years this month

BUY GBPINR NOV @ 109 SL 108.8 TGT 109.3-109.5.

JPYINR 

Observations

JPYINR trading range for the day is 54.93-55.45.

JPY recovered on short covering after remaining under pressure from policy uncertainties

Japan's finance minister vows to closely watch FX moves

Japan’s unemployment rate stood at 2.4% in September 2024, compared with market consensus and August's reading of 2.5%.

SELL JPYINR NOV @ 55.1 SL 55.3 TGT 54.9-54.7.