SELL EURINR JUN @ 110.7 SL 111 TGT 111.4-110.1 - Kedia Advisory
USDINR
SELL USDINR JUN @ 95.85 SL 96.05 TGT 95.65-95.5.
Observations
USDINR trading range for the day is 95.38-96.08.
Rupee fell to around 95.70 as escalating tensions between Iran and the United States fueled a sharp rise in global oil prices.
Rupee also faces pressure from a weaker global risk environment, with US equities extending losses and boosting demand for the dollar.
Despite the RBI's efforts, traders cautioned that lasting stability in the rupee would depend heavily on developments in the energy market.
EURINR
SELL EURINR JUN @ 110.7 SL 111 TGT 111.4-110.1.
Observations
EURINR trading range for the day is 110.15-111.01.
Euro gains after the US military announced it had completed its latest strikes on Iran, raising hopes that peace negotiations could resume.
ECB raised interest rates by 25 basis points at its June 2026 meeting, the first increase since 2023
Euro zone investor morale recovers more than expected in June
GBPINR
SELL GBPINR JUN @ 128.25 SL 128.6 TGT 127.75-127.4.
Observations
GBPINR trading range for the day is 127.71-128.51.
GBP steadied amid expectations for a tighter Bank of England monetary policy grew.
The RICS UK Residential Market Survey showed that the house price balance remained at -35% in May 2026, unchanged from April.
UK retail sales increased by 3.7% year-on-year on a like-for-like basis in May 2026, exceeding market expectations for a 0.6% gain
JPYINR
SELL JPYINR JUN @ 60 SL 60.2 TGT 59.8-59.6.
Observations
JPYINR trading range for the day is 59.72-59.96.
JPY dropped as dollar traded near its highest levels in two months after US military launched fresh strikes against Iran.
Japan’s Business Survey Index for large manufacturers unexpectedly fell to -1.8% in the second quarter of 2026 from 3.8% in Q1.
Japan's wholesale prices surged 6.3% in the year to May, highlighting mounting price pressures from the Middle East conflict.
