Sell JPYINR Nov @ 58 SL 58.2 TGT 57.8-57.6 - Kedia Advisory
USDINR
SELL USDINR NOV @ 88.85 SL 89 TGT 88.75-88.6.
Observations
USDINR trading range for the day is 88.24-89.16.
Rupee slid to its lowest in two weeks as outflows worsened the hit from a hawkish tilt in Federal Reserve policy.
India's central bank likely stepped in intermittently, via state-run banks, to limit the rupee's losses but the intervention was not aggressive.
U.S. President Trump said that the U.S. will lower tariffs on China to 47% from 57% earlier after meeting his Chinese counterpart
EURINR
SELL EURINR NOV @ 103.3 SL 103.6 TGT 103-102.7.
Observations
EURINR trading range for the day is 102.65-103.71.
Euro steadied as investors tracked global trade developments and key central bank decisions.
The French economy grew 0.5% qoq in Q3 2025, accelerating from 0.3% in Q2 and surpassing market forecasts of 0.1%.
The Spanish economy grew 0.6% quarter-on-quarter in the three months to September 2025, easing from 0.8% in the previous quarter.
GBPINR
SELL GBPINR NOV @ 117.15 SL 117.45 TGT 116.85-116.6.
Observations
GBPINR trading range for the day is 116.57-117.65.
GBP seen supported after Fed Chair Powell cautioned that another cut this year is not guaranteed
Net borrowing of consumer credit by individuals in the UK was at £1.49 billion in September 2025, the lowest level since May.
Net mortgage approvals for house purchase in the UK, increased by 1,000, to 65,900 in September 2025, the highest in nine months.
JPYINR
SELL JPYINR NOV @ 58 SL 58.2 TGT 57.8-57.6.
Observations
JPYINR trading range for the day is 57.81-58.23.
JPY weakened amid a firmer dollar after the US Federal Reserve delivered a widely expected quarter-point rate cut
BOJ maintained its benchmark short-term rate at 0.5% in October 2025, keeping borrowing costs at their highest level since 2008.
BoJ held its core inflation forecast for FY 2025 at 2.7%, expecting it to ease to 1.8% in FY 2026 before rising slightly to 2.0% in FY 2027.
