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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.