Sell USDINR Nov @ 88.7 SL 88.85 TGT 88.55-88.45 - Kedia Advisory
USDINR
SELL USDINR NOV @ 88.7 SL 88.85 TGT 88.55-88.45.
Observations
USDINR trading range for the day is 88.59-88.77.
Rupee slipped weighed down by dollar demand from local companies alongside modest declines in regional peers.
India's annual retail inflation slowed to a record low of 0.25% in October from a revised 1.44% in September.
India Ratings and Research forecasts India's GDP to expand by 7.2 percent in the second quarter of the current fiscal year.
EURINR
SELL EURINR NOV @ 102.75 SL 103 TGT 102.5-102.25.
Observations
EURINR trading range for the day is 102.52-102.94.
Euro remained in range as optimism over a potential end to the US government shutdown lifted sentiment.
Germany’s wholesale prices rose 1.1% year-on-year in October 2025, after a 1.0% growth in the previous month, marking the 11th straight month of gain.
Germany’s consumer price inflation eased to 2.3% in October 2025, matching preliminary estimates and down from 2.4% in September
GBPINR
SELL GBPINR NOV @ 116.6 SL 116.9 TGT 116.3-116.
Observations
GBPINR trading range for the day is 116.11-116.81.
GBP remained in range after British unemployment rose, while annual wage growth slowed slightly.
BoE’s Greene said she was concerned about surveys showing a relatively high level of pay settlements planned for next year.
BOE said wider benefits from its past government bond purchases mostly offset the large losses accruing on its quantitative easing portfolio
JPYINR
SELL JPYINR NOV @ 57.7 SL 57.9 TGT 57.5-57.3.
Observations
JPYINR trading range for the day is 57.29-57.79.
JPY dropped as risk-on sentiment linked to hopes for a US government reopening reduced demand for the safe-haven currency.
Japanese Prime Minister Sanae Takaichi earlier signaled plans to set a new multi-year fiscal target to allow more flexible spending.
The Reuters Tankan index for Japanese manufacturers rose to +17 in November 2025 from +8 in October.
