Sell JPYINR NOV @ 61 SL ABOVE 61.25 TGT 60.5 - Kedia Advisory
USDINR
SELL USDINR NOV @ 95.6 SL ABOVE 95.8 TGT 95.2
Observations
USDINR trading range for the day is 95.33-95.73.
Rupee rebounded and ended nearly unchanged, as likely intervention by the central bank and softer oil prices offset dollar demand.
September witnessed a decline in India's factory output growth, falling to 6.7%, the lowest rate observed in four months.
India's external sector shows resilience due to a narrowing trade gap and comfortable foreign exchange reserves
EURINR
SELL EURINR NOV @ 107.1 SL ABOVE 107.4 TGT 106.6
Observations
EURINR trading range for the day is 106.61-107.46.
Euro steadied as investors awaited the European Central Bank’s policy decision and key eurozone inflation and GDP data due later this week.
ECB left interest rates unchanged at its October 2026 meeting, as expected, keeping the main refinancing rate at 2.65%.
Lending to euro zone firms continued to grow at a healthy pace in September, European Central Bank data showed.
GBPINR
SELL GBPINR NOV @ 127.5 SL ABOVE 127.9 TGT 126.8
Observations
GBPINR trading range for the day is 127.06-127.61.
GBP gained as easing concerns over the UK's debt risk premium, making investors less concerned.
British inflation is set to average 3.4% in 2027, the country's budget watchdog said following finance minister John Healey's first budget.
Car production in the UK surged by 38.6% year-on-year to 70,831 units in September 2026, marking the strongest September output since 2023.
JPYINR
SELL JPYINR NOV @ 61 SL ABOVE 61.25 TGT 60.5
Observations
JPYINR trading range for the day is 60.70-61.30.
JPY steadied as investors awaited the Bank of Japan’s upcoming policy announcement.
JPY received renewed safe-haven support as disappointing earnings from Alphabet and Samsung revived concerns over the sustainability of AI-related investments.
Japan's consumer confidence index declined to 35.0 in October 2026 from 35.4 in September, slightly below market expectations of 35.1
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