BUY GBPINR JUN @ 116.2 SL 115.9 TGT 116.5-116.8 - Kedia Advisory
USDINR
SELL USDINR JUN @ 85.65 SL 85.75 TGT 85.55-85.45.
Observations
USDINR trading range for the day is 85.35-85.81.
Rupee weakened slightly pressured by corporate dollar demand and likely portfolio outflows.
India’s consumer price inflation eased to 2.82% in May 2025, down from 3.16% in April and below market expectations of 3%.
Dollar-rupee forward premiums, ticked up on the back of a rise in bets on a rate cut by the U.S. Federal Reserve in September.
EURINR
BUY EURINR JUN @ 99.2 SL 99 TGT 99.4-99.6.
Observations
EURINR trading range for the day is 97.72-100.28.
Euro climbed as investors responded to diverging policy signals from the ECB and the US Fed, and renewed trade war fears.
ECB officials have reinforced expectations that the bank may soon pause its easing cycle, opting for a wait-and-see approach.
US President Donald Trump threatened to impose unilateral tariffs within two weeks to pressure countries into trade agreements.
GBPINR
BUY GBPINR JUN @ 116.2 SL 115.9 TGT 116.5-116.8
Observations
GBPINR trading range for the day is 115.7-116.64.
GBP gains supported by broad-based dollar weakness amid renewed tariff threats from President Trump and signs of cooling US inflation.
In the UK, the GDP contracted by 0.3% in April, significantly more than the anticipated 0.1% decline.
Manufacturing production in the UK fell 0.9% month-over-month in April 2025, more than market forecasts of a 0.8% drop
JPYINR
BUY JPYINR JUN @ 59.6 SL 59.4 TGT 59.8-60.
Observations
JPYINR trading range for the day is 59.29-60.03.
JPY appreciated as renewed tariff threats from US President Donald Trump boosted demand for safe-haven assets.
Bank of Japan Governor Kazuo Ueda told that the central bank is prepared to raise interest rates again.
Japan’s Business Survey Index for large manufacturing firms dropped to -4.8% in the second quarter of 2025
