IGI Logo

USDINR

Observations

USDINR trading range for the day is 83.21-83.31.

Rupee ended little changed as traders continued to look for triggers to break out of the narrow range

US retail sales rose 0.7% from a month earlier in September, following an upwardly revised 0.8% increase in August

Capex to rise 29% for 13 states, fiscal deficit to widen in FY24: Icra

SELL USDINR OCT @ 83.4 SL 83.55 TGT 83.25-83.12.

EURINR

Observations

EURINR trading range for the day is 87.67-88.23.

Euro remained in range as investors keeping a close eye on developments in the Middle East.

The ZEW Indicator of Economic Sentiment for Germany surged by 10.3 points from the previous month to reach -1.1 in October 2023

The ZEW Indicator of Economic Sentiment for the Euro Area rebounded to 2.3 in October 2023 from -8.9 in the previous month 

BUY EURINR OCT @ 87.8 SL 87.6 TGT 88.05-88.25

GBPINR

Observations

GBPINR trading range for the day is 100.96-101.82.

GBP dropped after data indicated that regular pay growth in the UK moderated slightly to 7.8%

Average weekly earnings, in the UK increased 8.1% year-on-year to GBP 661/week in the three months to August of 2023

Bank of England Governor Andrew Bailey said he was puzzled by the persistent strength of pay growth in the UK

BUY GBPINR OCT @ 101.2 SL 100.9 TGT 101.55-101.75. 

JPYINR

Observations

JPYINR trading range for the day is 55.54-56.3

JPY traded in range keeping traders on edge for any signs of intervention by the Japanese authorities.

Producer prices in Japan rose by 2.0% yoy in September 2023

The value of loans in Japan increased 2.9% year-on-year in September 2023

SELL JPYINR OCT @ 55.95 SL 56.15 TGT 55.75-55.6.