Sell GBPINR Sep @ 105.2 SL 105.5 TGT 104.85-104.65. - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 82.58-83.
Rupee declined in August as rising U.S. Treasury yieldsboosted demand for the dollar
India's economy expanded by 7.8% in the April-Junequarter, the most in a year
Resilient U.S. data prompted investors to bet that the U.S. Federal Reserve will hold rates higher for longer, pushing up yields.
SELL USDINR SEP @ 82.9 SL 83.08 TGT 82.72-82.58.
EURINR
Observations
EURINR trading range for the day is 89.75-90.63.
Euro pared gains after Schnabel failed to give firm clues on whether the European Central Bank will raise rates in September.
The inflation rate in the Euro Area remained steady at 5.3 percent year-on-year in August 2023
Germany's government must be careful that its economic stimulus measures do not spur inflation, Chancellor Olaf Scholz said
SELL EURINR SEP @ 90.2 SL 90.4 TGT 89.95-89.8.
GBPINR
Observations
GBPINR trading range for the day is 104.63-105.39.
GBP gains as dollar dropped weighed down by weaker-than-expected US economic data
BOE’s Pill said the central bank would "see the job through" on bringing high inflation back down to the BoE's 2% target
UK business optimism at 18 – month high on hopes for rate hike pause
SELL GBPINR SEP @ 105.2 SL 105.5 TGT 104.85-104.65.
JPYINR
Observations
JPYINR trading range for the day is 56.85-57.19.
JPY gains as U.S. dollar fell after data showed that U.S. job openings fell in July
BOJ's Nakamura: Premature to tighten monetary policy
Retail sales in Japan rose 6.8% year-on-year in July 2023, accelerating from a downwardly revised 5.6% gain in June
SELL JPYINR SEP @ 57.1 SL 57.3 TGT 56.88-56.75.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
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The rupee is expected to depreciate today amid strong dollar and persistent foreign fund out...
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![The GBP/USD continues to trade on a stronger note courtesy weaker Dollar - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![EURINR is trading above 20 and 50 day moving average, Buy on dips near near 91.30 for tgt of 91.90 and stoploss of 90.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/7a05277382b31d5c3271cacac24d06b1.jpg)