Sell JPYINR NOV @ 60.6 SL ABOVE 60.9 TGT 60 - Kedia Advisory
USDINR
BUY USDINR NOV @ 94.85 SL BELOW 94.75 TGT 95.15
Observations
USDINR trading range for the day is 94.70-95.21.
Rupee trimmed early gains oil prices rebounded from a more-than-two-week on reports of fresh US strikes on Iran.
Manufacturing activity in India experienced a slowdown in October, decreasing from the previous month's growth.
India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman Sachs
EURINR
SELL EURINR NOV @ 106.75 SL ABOVE 107.15 TGT 106.25
Observations
EURINR trading range for the day is 106.09-107.83.
Euro dropped amid lingering concerns over France’s fiscal outlook despite hawkish comments from ECB policymakers.
Euro zone manufacturing activity growth held up well in October, albeit easing as new order growth slowed.
Euro zone countries are integrating faster with the United States than with each other, European Central Bank Vice President Boris Vujcic said.
GBPINR
SELL GBPINR NOV @ 127.6 SL ABOVE 127.9 TGT 127
Observations
GBPINR trading range for the day is 127.13-127.73.
GBP dropped as investor attention shifted from last week's UK budget to an expected Bank of England rate hike on Thursday.
BoE policymakers have repeatedly said that the likelihood of a hike grows the longer energy prices stay elevated.
Money markets were last fully pricing in a total of four 25-basis-point rate hikes by next September, according to LSEG data
JPYINR
SELL JPYINR NOV @ 60.6 SL ABOVE 60.9 TGT 60
Observations
JPYINR trading range for the day is 60.30-60.90.
JPY steadied as oil prices rebounded following reports of a US strike on Iran’s Qeshm Island, heightening concerns over renewed inflationary pressures.
Japan Manufacturing PMI was confirmed at 53.3 in October 2026, matching preliminary estimates, but declining from 54.1 in September.
Japan’s industrial production increased by 2.2% month-over-month in September 2026, reversing a 2.4% decline in the previous month
