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2025-06-06 11:18:28 am | Source: Kedia Advisory
Sell Eurinr Jun @ 98.3 SL 98.6 TGT 98-97.7 - Kedia Advisory
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Sell Eurinr Jun @ 98.3 SL 98.6 TGT 98-97.7  - Kedia Advisory

USDINR 

SELL USDINR JUN @ 86 SL 86.15 TGT 85.8-85.65.

Observations

USDINR trading range for the day is 85.6-86.18.

Rupee was little changed as corporate dollar bids, including from local oil companies, blunted positive cues.

OECD projects India's economic growth to remain strong and stable, forecasting a GDP growth of 6.3% in FY26

India's services sector experienced robust growth in May, reaching a three-month high

 

EURINR

SELL EURINR JUN @ 98.3 SL 98.6 TGT 98-97.7.

Observations

EURINR trading range for the day is 97.85-98.53.

Euro steady as fragile sentiment persists after Trump calls China deal "extremely hard."

The ECB cut key interest rates by 25 basis points at its June meeting, including the deposit rate, based on updated inflation and economic forecasts.

Factory orders in Germany rose 0.6% month-over-month in April 2025, defying market expectations of a 1.0% drop.

 

GBPINR

SELL GBPINR JUN @ 116.7 SL 117 TGT 116.4-116.1.

Observations

GBPINR trading range for the day is 116.16-116.9.

GBP steadies as BoE’s Bailey reaffirms gradual monetary easing approach

The UK was granted temporary relief from 50% US steel and aluminium tariffs.

UK Construction PMI rose to 47.9 in May 2025 from 46.6 in April, indicating the slowest drop in activity since January.

 

JPYINR

SELL JPYINR JUN @ 60.25 SL 60.5 TGT 60-59.75.

Observations

JPYINR trading range for the day is 59.85-61.05.

JPY gains supported by broad dollar weakness following disappointing US economic data.

BOJ is considering slowing the pace of its bond purchase tapering from next fiscal year to prevent market disruptions

Nominal wages in Japan rose 2.3% year-on-year in April 2025, matching the pace seen in March.

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