SELL GBPINR JUL @ 116.7 SL 117 TGT 116.4-116.1. - Kedia Advisory
USDINR
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SELL USDINR JUL @ 86.45 SL 86.6 TGT 86.3-86.2.
Observations
USDINR trading range for the day is 86.17-86.59.
Rupee weakened for a fifth straight session amid growing concerns over an imminent deadline to secure trade deals with the US.
India's infrastructure output expanded by 1.7% from the previous year in June of 2025, picking up from the upwardly revised 1.2% in the previous month
Consumer inflation fell to a a six-year low of 2.1%, to test the lower bound of the RBI's inflation tolerance band of 2%.
EURINR
SELL EURINR JUL @ 101.4 SL 101.7 TGT 101.1-100.9.
Observations
EURINR trading range for the day is 100.59-101.57.
Euro gains as investors remained cautious ahead of the August 1 deadline for countries to finalize trade agreements.
The looming August 1st deadline for the US to begin imposing a 30% tariff on EU imports is approaching, and no agreement has been reached so far.
Eurozone consumer price inflation was confirmed at 2% year-on-year in June 2025, up from May’s eight-month low of 1.9%.
GBPINR
SELL GBPINR JUL @ 116.7 SL 117 TGT 116.4-116.1.
Observations
GBPINR trading range for the day is 116.02-116.96.
GBP gains as market sentiment stayed cautious amid rising uncertainty over US tariffs and concerns about the Fed’ independence.
The Bank of England may slow or pause sales of long-dated bonds due to weak demand from traditional buyers like pension funds.
Public sector net borrowing (excluding public sector banks) in the UK widened sharply to £20.7 billion in June 2025.
JPYINR
SELL JPYINR JUL @ 58.9 SL 59 TGT 58.7-58.5.
Observations
JPYINR trading range for the day is 58.27-59.09.
JPY gained as investors continued to digest the weekend’s election outcome.
Ishiba reiterated his commitment to overseeing ongoing tariff talks with the US and managing other key policy matters.
Japan’s chief negotiator Akazawa said he still aims to reach an agreement with the US by the August 1 deadline despite the election setback.
