Sell JPYINR NOV @ 56.9 SL 57.1 TGT 56.6-56.4 - Kedia Advisory
USDINR
SELL USDINR NOV @ 88.65 SL 88.75 TGT 88.5-88.4.
Observations
USDINR trading range for the day is 88.37-88.75.
Rupee closed nearly unchanged as importer dollar demand ate into gains spurred by a pick up in exporter flows.
India's current account deficit expected to rise to 1.7% of GDP in FY26 due to persistent tariff pressures
Investors awaited key U.S. economic data and commentary from Federal Reserve officials to gauge the U.S. monetary policy path.
EURINR
SELL EURINR NOV @ 102.65 SL 102.9 TGT 102.35-102.
Observations
EURINR trading range for the day is 102.26-102.92.
Euro steadied amid growing expectations that Fed will refrain from cutting rates continued to pressure risk assets.
ECB’s Guindos expressed confidence that Eurozone inflation will converge toward the bank’s target, but cautioned about tariffs.
European Commission raised its Eurozone growth forecast for 2025 to 1.3%, up from 0.9% in its spring outlook.
GBPINR
SELL GBPINR NOV @ 116.3 SL 116.6 TGT 116-115.7.
Observations
GBPINR trading range for the day is 116.03-116.61.
GBP dropped after fresh data showed a notable easing in UK inflation.
The UK’s annual inflation rate eased to 3.6% in October 2025, the lowest level in four months.
Factory gate prices for UK-manufactured goods rose 3.6% year-on-year in October 2025, following an upwardly revised 3.5% gain in September.
JPYINR
SELL JPYINR NOV @ 56.9 SL 57.1 TGT 56.6-56.4.
Observations
JPYINR trading range for the day is 56.52-57.38.
JPY dropped as investors assessed BOJ's policy outlook following a meeting between Governor Ueda and Prime Minister Takaichi.
BOJ Governor Ueda told Takaichi that the central bank is gradually raising interest rates to steer inflation toward its 2% target while supporting sustainable economic growth.
Japan’s core machinery orders, jumped 4.2% month-over-month to ¥927.8 billion in September 2025, reversing from a 0.9% fall in August.
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