Sell JPYINR NOV @ 55.7 SL 55.9 TGT 55.5-55.3. - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 83.18-83.4.
Rupee closed marginally higher aided by a pullback in U.S. Treasury yields but dollar demand from importers, curbed gains.
India's manufacturing growth slows for 2nd straight month
India jobless rate rises to more than two-year high, CMIE say
SELL USDINR NOV @ 83.4 SL 83.55 TGT 83.25-83.15.
EURINR
Observations
EURINR trading range for the day is 88.14-88.96.
Euro gains as traders assess the global economic and monetary policy outlook.
ECB also left interest rates unchanged for the first time in more than a year in October, matching forecasts
Bank lending across the euro zone came to a near standstill in September, data from the European Central Bank showed.
SELL EURINR NOV @ 88.7 SL 88.9 TGT 88.5-88.3.
GBPINR
Observations
GBPINR trading range for the day is 101.09-101.91.
GBP gained ahead of an interest rate decision from BOE and as dollar fell after the Fed held borrowing costs steady.
BOE maintained its benchmark interest rate at a 15-year high of 5.25%, as policymakers evaluate recent signs of an economic slowdown
UK aims to improve labour market data in November and December
SELL GBPINR NOV @ 101.8 SL 102 TGT 101.5-101.3.
JPYINR
Observations
JPYINR trading range for the day is 55.51-55.79. USDINR DEC-NOV 0.0800 SELL JPYINR NOV @ 55.7 SL 55.9 TGT 55.5-55.3.
JPY gains amid a general dollar weakness, as Fed held interest rates steady for the second time
The central bank re-defined 1% as a loose "upper bound" rather than a rigid cap
Japan’s Kishida said the government will spend over 17 trillion yen in a package of measures to cushion the economic blow from rising inflation
SELL JPYINR NOV @ 55.7 SL 55.9 TGT 55.5-55.3.
