SELL EURINR JUN @ 99.9 SL 100.1 TGT 99.7-99.5 - Kedia Advisory
USDINR
SELL USDINR JUN @ 86.9 SL 87.1 TGT 86.7-86.5.
Observations
USDINR trading range for the day is 86.32-87.16.
Rupee fell with investors focused on the possibility of U.S. involvement in the Israel-Iran conflict.
RBI Governor expressed confidence that, “if the inflation outlook turns out to be below our projections, it will open up policy space”.
The Fed sees fewer interest rate cuts in 2026 and 2027, retaining two rate cuts for the year.
EURINR
SELL EURINR JUN @ 99.9 SL 100.1 TGT 99.7-99.5.
Observations
EURINR trading range for the day is 99.07-99.93.
Euro steadied as market sentiment was dampened by ongoing tensions in the Middle East and concerns over potential US involvement.
ECB policymaker Joachim Nagel stressed the importance of maintaining policy flexibility, citing the complex global backdrop.
The annual core inflation rate in the Euro Area, fell to 2.3% in May 2025 from 2.7% in the previous month
GBPINR
SELL GBPINR JUN @ 117 SL 117.3 TGT 116.7-116.4.
Observations
GBPINR trading range for the day is 115.76-116.96.
GBP steadied as investors awaited the Bank of England’s policy decision and monitored rising tensions in the Middle East.
Bank of England keeps rates steady, sees further loosening as jobs market weakens
Fed Chair Powell signaled potential inflationary pressure ahead, partly due to new tariffs proposed by the Trump administration.
JPYINR
SELL JPYINR JUN @ 60 SL 60.2 TGT 59.8-59.6.
Observations
JPYINR trading range for the day is 59.8-60.08.
JPY remained in range amid rising geopolitical tensions, with the Israel-Iran conflict stoking.
The Bank of Japan kept rates unchanged and signaled a slow, measured approach to reducing its balance sheet.
BOJ Governor Kazuo Ueda reaffirmed that the central bank is closely monitoring domestic and global conditions
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