SELL EURINR AUG @ 101.7 SL 102 TGT 101.4-101.1 - Kedia Advisory
USDINR
SELL USDINR AUG @ 87.2 SL 87.35 TGT 87-86.9.
Observations
USDINR trading range for the day is 86.9-87.32.
Rupee slipped as corporate hedging and short-term speculators bolstered demand for the greenback.
India – China ties have made steady progress, PM Modi says
U.S. Treasury Secretary Scott Bessent accused India of profiteering from its purchases of Russian oil during the war in Ukraine.
EURINR
SELL EURINR AUG @ 101.7 SL 102 TGT 101.4-101.1.
Observations
EURINR trading range for the day is 101.19-101.81.
Euro falls as risk sentiment weakens ahead of Fed minutes, Jackson Hole signals
Producer prices in Germany fell by 1.5% year-on-year in July 2025, following a 1.3% decline in June.
US President Trump’s calls for Putin and Zelenskiy to show “flexibility” and hold a bilateral summit, boosting speculation of a breakthrough in peace talks.
GBPINR
SELL GBPINR AUG @ 117.6 SL 117.9 TGT 117.3-117.
Observations
GBPINR trading range for the day is 117.25-117.85.
GBP recovered from lows after UK inflation came in hotter than expected.
The annual inflation rate in the UK jumped to 3.8% in July 2025, the highest since January 2024, up from 3.6% in June.
The UK’s annual core inflation rate edged up to 3.8% in July 2025, compared with June's figure and market expectations of 3.7%.
JPYINR
SELL JPYINR AUG @ 59.25 SL 59.5 TGT 59-58.75.
Observations
JPYINR trading range for the day is 58.96-59.34.
JPY settled flat as optimism grew over progress in negotiations to end the Ukraine war.
Japanese officials downplayed comments from US Treasury Secretary Bessent, who argued that the BOJ was “behind the curve” on policy in a move seen as pressure to raise rates.
BOJ Governor Ueda has continued to strike a cautious stance, emphasizing that “underlying inflation” remains below the bank’s 2% target.
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