Sell JPYINR Oct @ 58.1 SL 58.3 TGT 57.9-57.7 - Kedia Advisory
USDINR
SELL USDINR OCT @ 88.3 SL 88.45 TGT 88.15-88.
USDINR trading range for the day is 88.12-88.52.
Rupee closed little changed as lingering pressure on the currency was blunted by likely central bank intervention.
India is planning to allow direct foreign investment in state-run banks of up to 49%, more than double the current limit
Industrial production in India expanded by 4% from the previous year in September of 2025.
EURINR
SELL EURINR OCT @ 103 SL 103.3 TGT 102.7-102.4.
EURINR trading range for the day is 102.71-103.27.
Euro edged up as an apparent cooling in trade tensions between US and China drew investors away from safe-haven markets.
Median consumer inflation expectations in the Eurozone fell to 2.7% in September 2025 from 2.8% in August.
Germany’s GfK Consumer Climate Indicator fell to -24.1 heading into November 2025, down from a marginally revised -22.5 in the previous period.
GBPINR
SELL GBPINR OCT @ 117.6 SL 117.9 TGT 117.3-117.
GBPINR trading range for the day is 116.86-118.5.
GBP remained in range as UK shop price inflation deflated by 0.3% from September.
Government borrowing, however, totaled £99.8 billion in the first half of the fiscal year—£7.2 billion above the OBR’s forecast.
US President Trump expresses confidence in the trade deal with China.
JPYINR
SELL JPYINR OCT @ 58.1 SL 58.3 TGT 57.9-57.7.
JPYINR trading range for the day is 57.48-58.42.
JPY gains as investors awaited a key meeting between Prime Minister Sanae Takaichi and US President Donald Trump.
JPY also found support after a Japanese minister said the government will monitor the currency's weakness.
The Bank of Japan is widely expected to keep interest rates unchanged, though officials are set to debate conditions for resuming rate hikes as tariff-related risks fade.
