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USDINR

BUY USDINR OCT @ 95.1 SL BELOW 94.9 TGT 95.5

Observations

USDINR trading range for the day is 94.68-95.51.

Rupee gains boosted by the pullback in US Treasury yields after an initial rise on sticky inflation data.

India's September merchandise trade deficit at $30.21 billion

India's wholesale inflation reached 11.4% in September, significantly increasing from 9.9% in August.

EURINR

SELL EURINR OCT @ 107.4 SL ABOVE 107.7 TGT 106.8

Observations

EURINR trading range for the day is 107.07-107.86.

Euro seen some pressure as Fed officials signaled, they could wait for a clearer picture before taking further action

However, expectations that ECB would postpone further rate hikes until December, coupled with concerns that persistent inflation could dampen economic growth, continued to pressure.

ECB's Lagarde said energy-driven inflation had yet to spill over into the broader euro-area economy, supporting a cautious approach to monetary policy.

GBPINR

SELL GBPINR OCT @ 126.55 SL ABOVE 126.8 TGT 126

Observations

GBPINR trading range for the day is 126.28-126.73

GBP dropped as investors continued to evaluate Fed’s monetary policy outlook following stronger-thanexpected inflation data.

Governor Andrew Bailey, warned that a rate hike would become harder to avoid the longer the shock persists

Markets are pricing in a near-100% chance of the BoE delivering its first rate hike in more than three years in November.

JPYINR

SELL JPYINR OCT @ 60.6 SL ABOVE 60.8 TGT 60.2

Observations

JPYINR trading range for the day is 60.30-60.90.

JPY in range after Finance Minister Katayama warned that authorities were prepared to intervene in the currency market again if necessary.

BOJ should not be overly cautious about further rate hikes given persistent upside price risks and stillaccommodative financial conditions, board member Junko Koeda said.

Japan’s core machine orders, rose by 5.2% month-on-month to JPY 1,069.8 billion in August 2026, reversing a 3.7% decline in the previous month.