Sell JPYINR Oct @ 60.25 SL 60.5 TGT 60-59.5 - Kedia Advisory
USDINR
SELL USDINR OCT @ 89 SL 89.15 TGT 88.85-88.7.
Observations
USDINR trading range for the day is 88.78-89.08.
Rupee hit a record low, as trade tensions between India and the US escalated, pushing up dollar demand.
The Indian government said day that it would extend its flagship export incentive scheme, until March 2026.
Moody’s affirms India’s Baa3 rating with stable outlook
EURINR
SELL EURINR OCT @ 104.7 SL 105 TGT 104.3-104.
Observations
EURINR trading range for the day is 104.14-104.94.
Euro gains as traders balanced monetary policy prospects against fresh trade tensions.
Germany's import prices declined by 1.5% year-on-year in August 2025, following a 1.4% fall in the previous month.
Germany’s retail sales slipped 0.2% month-over-month in August 2025, missing market forecasts of a 0.5% increase.
GBPINR
SELL GBPINR OCT @ 119.6 SL 119.9 TGT 119.3-119.
Observations
GBPINR trading range for the day is 119.19-119.87.
GBP gains as the Fed is seen delivering two cuts, while the BoE is expected to hold rates steady despite stalled disinflation.
The British economy grew 1.4% year-on-year in Q2 2025, revised higher from 1.2% in the initial estimate.
Business investment in UK fell 1.1% quarter-on-quarter in the three months to June 2025.
JPYINR
SELL JPYINR OCT @ 60.25 SL 60.5 TGT 60-59.5.
Observations
JPYINR trading range for the day is 59.7-60.54.
JPY gains as investors digested mixed signals from the Bank of Japan.
The Bank of Japan signaled that further rate hikes remain possible if its outlook for economic activity and prices materializes.
Retail sales in Japan unexpectedly fell by 1.1% year-on-year in August 2025, reversing an upwardly revised 0.4% gain in the previous month.
