Sell JPYINR NOV @ 61 SL ABOVE 61.25 TGT 60.6 - Kedia Advisory
USDINR
BUY USDINR NOV @ 95.4 SL BELOW 95.2 TGT 95.65
Observations
USDINR trading range for the day is 95.29-95.78.
Rupee slipped as oil prices remained on the boil, keeping up pressure on local assets.
India's private sector activity experienced significant growth in October, reaching a four-month high as new orders increased.
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 106.07-108.24.
Euro steadied as investors awaited the European Central Bank’s policy decision and key eurozone inflation and GDP data due later this week.
Sentiment remained subdued amid France’s deteriorating fiscal outlook and mounting bond-market concerns.
Germany's GfK Consumer Climate Indicator fell to -30.8 heading into November 2026 from -30.6 in October, compared with market expectations of -30.9.
GBPINR
SELL GBPINR NOV @ 127.1 SL ABOVE 127.4 TGT 126.6
Observations
GBPINR trading range for the day is 126.74-127.39.
GBP dropped as investors turned cautious ahead of Wednesday’s UK Budget, while the US dollar strengthened ahead of the Fed’s policy meeting.
UK Chancellor John Healey is expected to raise the national living wage by around 4% and consider measures to ease electricity costs for businesses.
UK Manufacturing PMI rose to 52.8 in October 2026, up from 51.9 in September and above market expectations of 51.7, according to the preliminary estimate.
JPYINR
SELL JPYINR NOV @ 61 SL ABOVE 61.25 TGT 60.6
Observations
JPYINR trading range for the day is 60.35-61.61.
JPY gained as safe-haven amid renewed optimism surrounding artificial intelligence.
Investors are preparing for the Bank of Japan’s policy meeting this week, where interest rates are widely expected to remain unchanged.
Japan’s services-sector inflation rose 3.7% year over year in September, its highest level since June 2024.
