SELL EURINR JUN @ 99.9 SL 100.1 TGT 99.7-99.5 - Kedia Advisory
USDINR
SELL USDINR JUN @ 86.8 SL 87 TGT 86.6-86.4.
Observations
USDINR trading range for the day is 86.5-86.78.
Rupee ended modestly higher but fell for a second consecutive week as Iran-Israel tensions persist
ICRA projects India's real GDP growth to exceed 6.5% and GVA growth to surpass 6.3% for FY26.
Headline inflation easing to 2.8% in May 2025, driven by lower food prices, is a good signal for the Indian economy.
EURINR
SELL EURINR JUN @ 99.9 SL 100.1 TGT 99.7-99.5.
Observations
EURINR trading range for the day is 99.67-100.07.
Euro gains as markets watch Mideast, Trump decision on Iran strike nears
Producer prices in Germany decreased by 1.2% year-on-year in May 2025, following a 0.9% drop in the previous month.
France’s manufacturing climate indicator was down to 96 in June 2025, slightly below May’s figure and market forecasts of 97
GBPINR
SELL GBPINR JUN @ 117 SL 117.3 TGT 116.7-116.4.
Observations
GBPINR trading range for the day is 116.6-117.24.
GBP gains after the Bank of England kept rates steady, citing a weaker jobs market and higher energy prices
The GfK Consumer Confidence Index for UK increased by 2 points to -18 in June 2025, marking its second consecutive monthly gain.
Retail sales in the UK fell by 2.7% month-over-month in May 2025, a sharper drop than the expected 0.5% decline.
JPYINR
SELL JPYINR JUN @ 60 SL 60.2 TGT 59.8-59.6.
Observations
JPYINR trading range for the day is 59.25-60.23.
JPY dropped on profit booking afters seen supported as core inflation in Japan accelerated for the third straight month to 3.7%.
Japan's annual inflation rate edged down to 3.5% in May 2025 from 3.6% in the previous two months, marking the lowest level since November.
BOJ Governor reiterated the bank’s data-dependent approach, signaling openness to further rate hikes if inflation remains persistent.
