Sell JPYINR NOV @ 60.6 SL ABOVE 60.9 TGT 60.2 - Kedia Advisory
USDINR
SELL USDINR NOV @ 94.95 SL ABOVE 95.1 TGT 94.6
Observations
USDINR trading range for the day is 94.50-95.23.
Rupee ended higher, aided by a weaker dollar and lower oil prices as investors assessed the impact of US midterm election results
Finance Minister Sitharaman highlighted the government's commitment to increasing capital expenditure to promote economic growth.
India's GST collections in October reached Rs 2.31 lakh crore, reflecting a 22.9% year-on-year increase.
EURINR
SELL EURINR NOV @ 106.8 SL ABOVE 107.2 TGT 106.4
Observations
EURINR trading range for the day is 106.59-107.21.
Euro gains as hawkish comments from ECB policymakers supported despite lingering concerns over France’s fiscal outlook
Eurozone Manufacturing PMI edged down to 52.7 in October 2026, from September’s four-year high of 52.9, but came in slightly above the preliminary estimate of 52.4.
The Eurozone economy expanded by 0.4% in Q3 2026, slowing from 0.6% growth in Q2 but exceeding market expectations of 0.2%
GBPINR
SELL GBPINR NOV @ 127.9 SL ABOVE 128.2 TGT 127.2
Observations
GBPINR trading range for the day is 127.36-128.36.
GBP gained as investors positioned for the Bank of England’s expected return to monetary tightening this week.
UK Manufacturing PMI rose to 52.8 in October 2026 from 51.9 in September, matching forecasts and reaching its highest level since May.
The UK Nationwide House Price Index rose 0.5% year-on-year in October 2026, the weakest growth since January 2024, down from 0.8% in September.
JPYINR
SELL JPYINR NOV @ 60.6 SL ABOVE 60.9 TGT 60.2
Observations
JPYINR trading range for the day is 60.30-60.90.
JPY steadied as the US dollar came under significant pressure after early election polls suggested a possible Democratic takeover of both chambers of Congress.
JPY gained support from safe-haven demand, alongside government bonds, as technology and artificial intelligence stocks faced renewed selling pressure.
Investors are looking ahead to Japan’s wage data due later this week for further clues on the Bank of Japan’s monetary policy outlook.
