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USDINR

SELL USDINR AUG @ 95.5 SL 95.7 TGT 95.3-95.2.

Observations

USDINR trading range for the day is 95.31-95.57.

Rupee ended modestly weaker weighed down by dollar outflows linked to derivative maturities and overseas debt repayments.

India’s July annual inflation also rose to 4.45%, but remains unlikely to prompt a rate hike from the central bank in the coming months.

India’s trade deficit widened to $31.98 billion in July 2026, up from $27.5 billion in the same month of the previous year and surpassing market forecasts of $30.2 billion.

EURINR

SELL EURINR AUG @ 110.3 SL 110.5 TGT 110-109.7.

Observations

EURINR trading range for the day is 110.04-110.36.

Euro steadied as stabilising energy prices improved investor sentiment and reduced some of the pressure on inflation expectations.

Industrial production in the Euro Area was unchanged in June 2026, after a 0.3% rise in May and compared with market expectations of a 0.1% decrease.

Spain's annual inflation rate was revised slightly higher to 3.6% in July 2026 from a preliminary estimate of 3.5% and June's reading of 3.2%

GBPINR

SELL GBPINR AUG @ 129 SL 129.3 TGT 128.7-128.4.

Observations

GBPINR trading range for the day is 128.72-129.24.

GBP dropped as investors balanced resilient UK economic data against persistent geopolitical uncertainty in the Middle East.

Britain's economy unexpectedly grew in June with gross domestic rising by 0.3%, official data showed.

UK Residential Market Survey showed that the house price balance edged up to -30% in July 2026 from -32% in June.

JPYINR

SELL JPYINR AUG @ 60.3 SL 60.5 TGT 60.1-59.9.

Observations

JPYINR trading range for the day is 60.08-60.08.

JPY steadied but keeping traders on alert for further intervention from authorities amid persistent weakness.

Japan’s producer prices rose 7.2% year-on-year in July 2026, easing slightly from a marginally revised 7.3% increase in the prior month.

Some policymakers called for speeding up the pace of rate hikes to combat inflation risks.