Sell JPYINR SEP @ 60.2 SL 60.5 TGT 59.9-59.7. - Kedia Advisory
USDINR
BUY USDINR SEP @ 88.05 SL 87.9 TGT 88.2-88.3.
Observations
USDINR trading range for the day is 87.92-88.48.
Rupee closed little changed followed by a retreat to near all-time lows.
Consumer inflation was at 2.1% in August, remaining close to the lower bound of the RBI's inflation tolerance band of 2%.
After S&P, Japan's R&I upgrades India's sovereign rating to BBB+
EURINR
SELL EURINR SEP @ 103.8 SL 104.1 TGT 103.5-103.2.
Observations
EURINR trading range for the day is 103.35-104.39.
Euro dropped on profit booking as investors digested a week filled with monetary policy decisions.
Producer prices in Germany fell by 2.2% yoy in August 2025, following a 1.5% decline in June.
The Eurozone’s current account surplus narrowed to EUR 35 billion in July 2025 from EUR 39.3 billion a year earlier.
GBPINR
SELL GBPINR SEP @ 119.1 SL 119.4 TGT 118.7-118.5.
Observations
GBPINR trading range for the day is 118.46-120.18.
GBP dropped after UK borrowing data sharply missed expectations.
Public sector net borrowing hit £18 billion in August, the highest for the month in five years and well above forecasts of £12.7 billion.
The GfK Consumer Confidence Index for the UK slipped to -19 in September 2025 from -17 in August.
JPYINR
SELL JPYINR SEP @ 60.2 SL 60.5 TGT 59.9-59.7.
Observations
JPYINR trading range for the day is 59.52-60.5.
JPY gains after BOJ kept its policy rate steady at 0.5% for a fifth consecutive meeting, as expected.
Japan's annual inflation rate eased to 2.7% in August 2025 from 3.1% in the previous month, marking the lowest reading since October 2024
Japan’s core consumer price index, increased 2.7% year-on-year in August 2025, easing for the third month in a row.
