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USDINR

Observations

USDINR trading range for the day is 83.14-83.3.

Rupee closed lower weighed down by a recovery in U.S. Treasury yields and the dollar

India's retail inflation eases to 4.87% in October

India's wholesale prices shrank by 0.52 percent year-on-year in October 2023

SELL USDINR NOV @ 83.3 SL 83.45 TGT 83.15-83.05.

EURINR

Observations

EURINR trading range for the day is 90-90.58.

Euro steadied as investors continued to assess the implications of easing US inflation and the impact of high-level talks between the US and China.

The euro zone economy will grow more slowly this year than previously expected, European Commission forecast.

Euro zone industrial production declined broadly in line with expectations in September

SELL EURINR NOV @ 90.5 SL 90.75 TGT 90.25-90.1.

GBPINR

Observations

GBPINR trading range for the day is 102.88-103.48.

GBP eased after data showed British inflation cooled more than forecast in October

The British CPI rose by 4.6% in the 12 months to October, from September's 6.7% increase

The government of Prime Minister Rishi Sunak pledged this year to halve inflation by the end of 2023, without specifying an outright level.

SELL GBPINR NOV @ 103.5 SL 103.8 TGT 103.2-103.

JPYINR

Observations

JPYINR trading range for the day is 55.04-55.28.

JPY dropped as investors digested data showing Japan’s economy contracted faster than expected in the third quarter

Japan's core machinery orders, rose 1.4% month-on-month in September 2023, reversing from a 0.5% decline in August.

Japan's trade deficit narrowed sharply to JPY 662.55 billion in October 2023

BUY JPYINR NOV @ 55.1 SL 54.9 TGT 55.35-55.5.