Sell JPYINR Nov @ 57.6 SL 57.8 TGT 57.4-57.2 - Kedia Advisory
USDINR
SELL USDINR NOV @ 88.8 SL 88.95 TGT 88.65-88.55.
Observations
USDINR trading range for the day is 88.59-88.85.
Rupee trading in a tight range near all-time lows, after inflation fell to a record trough, fueling expectations of a December rate cut.
Markets are now on the lookout for signs of positive momentum in US-India trade talks.
India’s retail inflation slumped 0.25% to a record low in October, well below the RBI’s 2%-6% tolerance band for a second month.
EURINR
SELL EURINR NOV @ 103.3 SL 103.6 TGT 103-102.7.
Observations
EURINR trading range for the day is 102.63-103.49.
Euro gains as risk appetite improved following the reopening of the US federal government
The German Council of Economic Experts cut its forecast for Germany’s 2026 economic growth to 0.9% from 1.0% in its May report.
Euro zone inflation is unlikely to fall too low and risks may actually be skewed toward higher than forecast readings.
GBPINR
SELL GBPINR NOV @ 116.8 SL 117.1 TGT 116.5-116.2.
Observations
GBPINR trading range for the day is 116.15-117.09.
GBP steadied after weaker-than-expected economic data raised expectations of a Bank of England rate cut next month.
UK construction output rose 1.3% year-on-year in September 2025, accelerating from a marginally revised 1.1% growth in the previous month.
The RICS UK Residential Market Survey showed the house price balance slipped to -19% in October 2025 from a downwardly revised -17% in September.
JPYINR
SELL JPYINR NOV @ 57.6 SL 57.8 TGT 57.4-57.2.
Observations
JPYINR trading range for the day is 57.39-57.65.
JPY steadied after Prime Minister Sanae Takaichi called on the central bank to keep interest rates low.
BOJ Ueda told parliament that the central bank aims for moderate inflation alongside wage growth and economic improvement.
Japan’s producer prices rose 2.7% yoy in October 2025, easing slightly from a marginally revised 2.8% gain in September
