Sell JPYINR OCT @ 60.6 SL 60.8 TGT 60.4-60.2 - Kedia Advisory
USDINR
SELL USDINR OCT @ 89 SL 89.15 TGT 88.85-88.7.
Observations
USDINR trading range for the day is 88.65-89.03.
Rupee nudged higher after RBI kept policy rates unchanged and the dollar slipped broadly as the U.S. government shut down.
The Reserve Bank of India maintained its key repo rate at 5.50% during its October meeting, as widely expected.
The Indian government recorded a budget deficit of INR 5.98 trillion in the first five months of the 2026 fiscal year
EURINR
SELL EURINR OCT @ 104.5 SL 104.8 TGT 104.2-104.
Observations
EURINR trading range for the day is 104.05-104.91.
Euro dropped as caution lingered after the US government shut down when lawmakers failed to agree on a temporary funding deal.
The HCOB Eurozone Manufacturing PMI fell to 49.8 in September of 2025 from the three-year high of 50.7 in the previous month
The ECB is widely expected to keep rates steady through year-end after fresh CPI figures from Germany, France, and Spain signaled renewed inflationary pressures.
GBPINR
SELL GBPINR OCT @ 119.8 SL 120.1 TGT 119.5-119.2.
Observations
GBPINR trading range for the day is 119.35-119.99.
GBP climbed amid dollar weakness as a US government shutdown, the third under Trump, weighs.
The UK Nationwide House Price Index rose 2.2% year-on-year in September 2025, compared with a 2.1% increase in August.
Catherine Mann warned that sticky inflation is materialising, with firms embedding higher labour costs into prices.
JPYINR
SELL JPYINR OCT @ 60.6 SL 60.8 TGT 60.4-60.2.
Observations
JPYINR trading range for the day is 59.94-60.84.
JPY steadied supported by data showing sentiment among large manufacturers improved in Q3 to the strongest level since Q4 2024.
The S&P Global Japan Manufacturing PMI was revised up to 48.5 in September 2025, from a preliminary estimate of 48.4.
The Bank of Japan had highlighted the survey as a key gauge for the timing of rate hikes.
