BUY GBPINR JUL @ 115.3 SL 115 TGT 115.6-115.8. - Kedia Advisory
USDINR
SELL USDINR JUL @ 86.2 SL 86.4 TGT 86-85.8.
Observations
USDINR trading range for the day is 85.9-86.4.
Rupee dropped as uncertainty surrounding US trade policy weighed on sentiment.
India’s foreign exchange reserves fell by $3.06 billion to $696.67 billion.
India's unemployment rate remained steady at 5.6% in June 2025, mirroring May's figures.
EURINR
BUY EURINR JUL @ 99.8 SL 99.6 TGT 100-100.2.
Observations
EURINR trading range for the day is 99.91-100.67.
Euro gains on short covering ahead of signs of progress in trade negotiations between the US and the European Union.
Producer prices in Germany dropped by 1.3% year-on-year in June 2025, following a 1.2% decline in May, in line with market expectations.
Eurozone inflation was confirmed at 2% year-on-year in June, with core inflation holding at 2.3%.
GBPINR
BUY GBPINR JUL @ 115.3 SL 115 TGT 115.6-115.8.
Observations
GBPINR trading range for the day is 115.43-116.27.
GBP gains while outlook remains uncertain amid UK labor market concerns
UK wage growth slowed down, as expected, and the ILO Unemployment Rate accelerated to 4.7%.
Money markets show traders fully expect a quarter-point cut to 4%, with one more cut before the end of the year.
JPYINR
SELL JPYINR JUL @ 58.3 SL 58.5 TGT 58.1-57.9.
Observations
JPYINR trading range for the day is 58.01-58.29
JPY settled flat as investors digested the latest inflation data.
Japan's annual inflation rate eased to 3.3% in June 2025 from 3.5% in the previous month
Japan’s core consumer price index, which excludes fresh food but includes energy, rose 3.3% year-on-year in June 2025
