SELL EURINR MAY @ 111.4 SL 111.7 TGT 111-110.7.
USDINR
SELL USDINR MAY @ 95.8 SL 96 TGT 95.6-95.4.
Observations
USDINR trading range for the day is 95.2-96.48.
Rupee rose to its strongest level in a week, with interbank dollar sales and intervention by the central bank.
Rating agency ICRA has revised India's FY27 GDP growth forecast down to 6.2% from 6.5%
U.S. President Trump has said he is ready to resume strikes on Iran if he does not get the "right answers" from Iran's leadership.
EURINR
SELL EURINR MAY @ 111.4 SL 111.7 TGT 111-110.7.
Observations
EURINR trading range for the day is 110.59-112.57.
Euro dropped as investors assessed weak S&P Global flash PMI data and Middle East developments.
Germany’s economy expanded 0.3% in Q1 2026, matching preliminary estimates and accelerating from a 0.2% rise in Q4.
Germany’s GfK Consumer Climate Indicator rose to -29.3 heading into June 2026 from a revised -33.1 in May
GBPINR
SELL GBPINR MAY @ 128.7 SL 129 TGT 128.4-128.
Observations
GBPINR trading range for the day is 127.43-130.83.
GBP dropped amid poor UK economic releases and persistent uncertainty in US-Iran negotiations.
UK retail sales volumes dropped 1.3% month-on-month in April 2026, more than expectations of a 0.6% fall .
The UK GfK Consumer Confidence Index edged up to -23 in May 2026 from -25 in the previous month.
JPYINR
SELL JPYINR MAY @ 60.2 SL 60.4 TGT 60-59.8.
Observations
JPYINR trading range for the day is 59.81-60.83.
JPY dropped as softer domestic inflation eased pressure on the Bank of Japan to tighten monetary policy in the near term.
Japan’s core consumer price index, rose 1.4% year-on-year in April 2026, easing from 1.8% in the previous month.
Japan’s annual inflation edged down to 1.4% in April 2026 from 1.5% in the prior month.
