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USDINR

SELL USDINR OCT @ 97.2 SL 97.4 TGT 97-96.8.

Observations

USDINR trading range for the day is 96.82-97.3.

Rupee weakened pressured by a jump in oil prices and weakness in Asian peers.

The Reserve Bank of India has updated its growth forecast for fiscal year 2026-27 to 7.1%.

India Services Business Activity Index rose to 55.2 in September from 54.1 in August, although it remained below the 60.9 recorded in September 2025.

EURINR

SELL EURINR OCT @ 108.8 SL 109.1 TGT 108.5-108.2.

Observations

EURINR trading range for the day is 108.45-108.99.

Euro dropped amid elevated energy prices, rising inflation and interest rate expectations, and fiscal concerns, particularly in France.

Markets now price roughly 75 basis points of ECB and 85 basis points of Fed tightening by the end of next year, as oil prices rebounded.

Political uncertainty is rising elsewhere, with Spain calling a snap election for November 29 and Italy heading to the polls next year.

GBPINR

SELL GBPINR OCT @ 128.4 SL 128.7 TGT 128-127.7.

Observations

GBPINR trading range for the day is 127.82-128.5.

GBP dropped as a rebound in oil prices heightened inflation concerns and reinforced expectations for higher-for-longer interest rates, weighing on UK growth prospects.

The RICS UK Residential Market Survey showed that the house price balance deteriorated to -32% in September 2026 from -28% in August.

Britain's labour market showed more signs of recovering last month from its protracted slowdown, with permanent staff placements rising.

JPYINR

SELL JPYINR OCT @ 61.3 SL 61.5 TGT 61.1-60.9.

Observations

JPYINR trading range for the day is 61.02-61.02.

JPY remaining within a narrow range after data showed the country’s current account surplus increased to 4.062 trillion yen in August

Japan’s current account surplus rose to JPY 4,062.0 billion in August 2026 from JPY 3,628.1 billion in the same month a year earlier.

BOJ’s Sato, said that she supported a gradual approach to raising interest rates in multiple stages