SELL JPYINR OCT @ 60.6 SL 60.8 TGT 60.4-60.2 - Kedia Advisory
USDINR
BUY USDINR OCT @ 95.4 SL 95.2 TGT 95.6-95.8.
Observations
USDINR trading range for the day is 94.81-96.15.
Rupee rose hoisted by fresh central bank measures to alleviate pressure on the Asian currency and likely spot market intervention.
India's retail inflation accelerated to a higher-than-expected 5.54% in September, data showed.
The USD/INR 1-year forward implied yield, for instance, swung between 3.62% and 4.02% against 3.83% at the previous close.
EURINR
SELL EURINR OCT @ 107.5 SL 107.8 TGT 107.2-107.
Observations
EURINR trading range for the day is 106.9-108.04.
Euro remains under pressure from persistent energy-driven inflation, resilient economic activity and growing concerns over France’s public finance
Germany’s annual inflation rate accelerated to 3.3% in September 2026, confirming preliminary estimates, up from 2.9% in August.
Markets are pricing in another rate hike from both the European Central Bank and the US Federal Reserve in December.
GBPINR
SELL GBPINR OCT @ 126.7 SL 127 TGT 126.4-126.1.
Observations
GBPINR trading range for the day is 125.93-127.63.
GBP dropped amid Rupee firmness and investors weighed hawkish remarks from Bank of England policymakers.
Higher energy prices and a rise in long-term interest rates are likely to weigh on British economic growth next year – IMF
IMF’s upward revision to UK growth forecast, with the economy now expected to expand by 1.3% this year, compared with the 1.0% projected in July
JPYINR
SELL JPYINR OCT @ 60.6 SL 60.8 TGT 60.4-60.2.
Observations
JPYINR trading range for the day is 60.61-60.61.
JPY steadied as uncertainty remained over whether the central bank would raise rates again this month.
Japan’s producer prices rose 6.8% year-on-year in September 2026, slowing from August’s pace and market expectations of 7.6%.
Japan’s bank lending grew by 5.3% year-on-year in September 2026, matching the downwardly revised figure for August.
