Buy USDINR Jul@ 95.4 SL 95.2 TGT 95.6-95.8 - Kedia Advisory
USDINR
BUY USDINR JUL @ 95.4 SL 95.2 TGT 95.6-95.8.
Observations
USDINR trading range for the day is 95.28-95.72.
Rupee ended nearly flat as investors cautious about exposure to oil-sensitive currencies and sparked a modest pickup in importer hedging.
The IMF projects India's FY27 growth at 6.4 percent, remaining a leading global economy.
The Asian Development Bank has lowered India's FY27 growth forecast to 6.6 percent.
EURINR
SELL EURINR JUL @ 109.4 SL 109.8 TGT 109.1-108.8.
Observations
EURINR trading range for the day is 109.06-109.66.
Euro steadied as investors continued to assess developments in the Middle East and their implications for inflation and monetary policy.
ECB’s medium-term orientation means it aims to bring inflation to target in roughly three years, ECB Christine Lagarde.
ECB policymakers agreed to avoid providing guidance on the future path of interest rates following June's first rate hike since 2023.
GBPINR
SELL GBPINR JUL @ 128.5 SL 128.8 TGT 128-127.6.
Observations
GBPINR trading range for the day is 127.92-128.82.
GBP steadied as expectations that the Bank of England will raise interest rates later this year.
UK Composite PMI fell to 49.3 in June of 2026 from 49.7 in May, revised from the flash estimate of 49.4 for a second month of contraction
UK Residential Market Survey showed that the house price balance edged up to -33% in June 2026 from -34% in May
JPYINR
SELL JPYINR JUL @ 59.4 SL 59.6 TGT 59.2-59.
Observations
JPYINR trading range for the day is 59.4-59.4.
JPY steadied as traders remained alert to the possibility of official intervention.
Japan's government would never convey in advance its preference on how the central bank should set interest rates
Japan’s producer prices rose 7.1% year-on-year in June 2026, accelerating from an upwardly revised 6.6% increase in the previous month
