SELL EURINR JUL @ 100.75 SL 101 TGT 100.5-100.2 - Kedia Advisory
USDINR
SELL USDINR JUL @ 85.85 SL 86 TGT 85.7-85.6.
Observations
USDINR trading range for the day is 85.56-86.1.
Rupee closed nearly unchanged, tracking a muted reaction in global markets to the latest trade salvos from the White House.
Crisil revises India's FY26 GDP growth to 6.5% on good monsoon, rate cuts, and rural support
India's manufacturing sector surged in June, reaching a 14-month high with a PMI of 58.4.
EURINR
SELL EURINR JUL @ 100.75 SL 101 TGT 100.5-100.2.
Observations
EURINR trading range for the day is 100.37-100.93.
Euro held steady as investors awaited updates on US-EU trade negotiations.
EU aims to finalize a preliminary agreement with Washington this week to secure a 10% tariff framework beyond the August 1 deadline
In monetary policy, markets are pricing in just one more rate cut from the ECB this year
GBPINR
SELL GBPINR JUL @ 116.8 SL 117.1 TGT 116.5-116.2.
Observations
GBPINR trading range for the day is 116.42-116.94.
GBP steadied pressured by a stronger US dollar and concerns over the country’s fiscal outlook.
The UK have reached deals to avoid the new levies, which are separate from existing tariffs on autos, steel, and aluminium.
Growing global tensions and calls for increased defence spending are also adding to the long-term fiscal uncertainty.
JPYINR
SELL JPYINR JUL @ 59.25 SL 59.5 TGT 59-58.75.
Observations
JPYINR trading range for the day is 58.93-59.31.
JPY slipped as trade negotiations between the US and Japan showed signs of strain, particularly over Japan’s rice market protections.
The decline followed US President Donald Trump’s announcement of a 25% tariff on Japanese goods, set to take effect on August 1.
BOJ’s Koeda noted the central bank is closely watching for potential second-round effects on core inflation
