Sell JPYINR OCT @ 61 SL ABOVE 61.2 TGT 60.5 - Kedia Advisory
USDINR
BUY USDINR OCT @ 95.1 SL BELOW 94.9 TGT 95.4
Observations
USDINR trading range for the day is 94.80-95.45.
Rupee fell to around 95.15, retreating from multi-week highs as fading foreign inflows weighed on the currency.
RBI's special foreign-exchange window for state-owned oil refiners and market intervention continue to cushion immediate dollar demand.
Investors now await Fed's decision for signals on the US rate outlook, which could influence dollar demand and emerging-market capital flows.
EURINR
SELL EURINR OCT @ 107.25 SL ABOVE 107.5 TGT 106.9
Observations
EURINR trading range for the day is 106.76-107.56.
Euro steadied as risk sentiment improved following sharp losses last week fueled by growing concerns over the sustainability of artificial intelligence spending.
Growth across the euro zone's private sector slowed to its weakest pace in four months in October, hurt by an energy-driven rise in costs.
Germany's private sector growth softened in October as inflows of new work rose only modestly
GBPINR
SELL GBPINR OCT @ 127.4 SL ABOVE 127.7 TGT 126.8
Observations
GBPINR trading range for the day is 126.70-127.69.
GBP gains as investors assessed a mixed batch of economic data ahead of next week's budget and the Bank of England's November 5 policy meeting.
British businesses are having their strongest month for activity since February as new orders grow and Al-related demand picks up.
Flash PMI data showed UK private-sector activity accelerated to its fastest pace since February, beating expectations across both manufacturing and services.
JPYINR
SELL JPYINR OCT @ 61 SL ABOVE 61.2 TGT 60.5
Observations
JPYINR trading range for the day is 60.50-61.35.
JPY steadied as investors awaited the Bank of Japan's policy meeting later this week.
The central bank is widely expected to leave interest rates unchanged before potentially raising them in December amid persistent inflationary pressures.
Data showed that both headline and core inflation in Japan climbed 2.1% year-on-year in September, reaching their highest levels in nine months.
