Buy EURINR AUG @ 111 SL 110.7 TGT 111.3-111.6 - Kedia Advisory
USDINR
BUY USDINR AUG @ 95.6 SL 95.4 TGT 95.8-96.
Observation
USDINR trading range for the day is 95.38-95.92.
Rupee fell due to elevated oil prices and sustained dollar demand from companies, but likely intervention by the central bank kept a lid.
U.S. President Donald Trump said no talks were taking place with Iran and insisted that the Strait of Hormuz was open.
Investors' focus now turns to the release of minutes from the RBI latest policy reviews.
EURINR
BUY EURINR AUG @ 111 SL 110.7 TGT 111.3-111.6.
Observation
EURINR trading range for the day is 110.5-111.4.
Euro steadied as investors remained concerned about elevated bond yields and rising oil prices.
Eurozone annual inflation accelerated to 2.9% in July 2026, in line with flash estimates, up from 2.8% in June and remaining well above ECB’s 2.0% target
ECB chief economist Philip Lane said the region’s 3% inflation rate remains “too high” when considering potential adjustments to policy rates
GBPINR
BUY GBPINR AUG @ 129.9 SL 129.6 TGT 130.2-130.5.
Observation
GBPINR trading range for the day is 129.2-130.36.
GBP gains as investors assessed the latest inflation and labour-market data for clues on BOE’s policy outlook.
The annual inflation rate in the UK rose to 2.9% in July 2026, the highest in four months, from 2.6% in June and in line with market expectations.
The UK's annual core inflation rate remained at 2.6% in July 2026, unchanged for the third consecutive month.
JPYINR
BUY JPYINR AUG @ 60 SL 59.8 TGT 60.2-60.4.
Observation
JPYINR trading range for the day is 20-20.
JPY remaining range-bound due to wide interest rate differentials, growing fiscal concerns and elevated energy and import costs.
Japan’s core machinery orders, jumped 9.7% month-on-month to JPY 1.06 trillion in June 2026, shifting from a 12.4% drop in the prior month.
Traders are increasingly speculating on a Bank of Japan interest rate hike in September to support the yen and curb inflation.
