SELL USDINR trading range for the day is 88.5-89- Kedia Advisory
USDINR
SELL USDINR OCT @ 88.8 SL 88.95 TGT 88.65-88.55.
Observations
USDINR trading range for the day is 88.5-89.
Rupee remained in range amid likely intervention by RBI, with news of the Indian trade delegation's visit to the U.S. also offering modest relief.
India’s consumer price inflation eased to 1.54% in September 2025, down from 2.07% in August.
India’s manufacturing sector is set for sustained growth in FY2025-26, driven by strong domestic demand, investment optimism - FICCI
EURINR
SELL EURINR OCT @ 103 SL 103.3 TGT 102.7-102.4.
Observations
EURINR trading range for the day is 102.5-103.68.
Euro recovered after pressure seen as investors weighed political uncertainty in France and ongoing US-China trade tensions.
Wholesale prices in Germany rose 1.2% year-on-year in September 2025, quickening from a 0.7% increase in the previous month.
Retail Sales in the Euro Area increased 0.10 percent in August of 2025 over the previous month.
GBPINR
SELL GBPINR OCT @ 118.6 SL 118.9 TGT 118.3-118.
Observations
GBPINR trading range for the day is 117.88-119.
GBP gains on short covering after pressure seen amid a stronger dollar and concerns ahead of the UK’s November budget.
Traders are wary that potential tax hikes to meet fiscal targets could weigh on the already fragile economy and the currency.
Finance Minister Rachel Reeves, who delivers her budget on November 26, is expected to focus on fiscal discipline, possibly through higher taxes
JPYINR
SELL JPYINR OCT @ 58.6 SL 58.8 TGT 58.4-58.2.
Observations
JPYINR trading range for the day is 58.16-58.86.
JPY gains after President Trump threatened to impose an additional 100% tariff on Chinese goods starting November 1
In Japan, markets reassessed the odds that LDP leader Sanae Takaichi will become prime minister and roll out fresh fiscal stimulus.
Japan’s producer prices rose 2.7% year-on-year in September 2025, keeping the same pace as in the previous month.
