Sell EURINR SEP @ 102.5 SL 102.8 TGT 102.2-102. - Kedia Advisory
USDINR
SELL USDINR SEP @ 87.75 SL 87.95 TGT 87.55-87.45.
Observations
USDINR trading range for the day is 87.56-87.88.
Rupee advanced as a weaker dollar and bets of central bank intervention outweighed the impact of additional U.S. tariffs.
India's economy remained stable in July 2025, amid global trade uncertainty.
The Finance Ministry's Monthly Economic Review indicated that strong domestic demand and sound macroeconomic fundamentals continued to support growth.
EURINR
SELL EURINR SEP @ 102.5 SL 102.8 TGT 102.2-102.
Observations
EURINR trading range for the day is 102.13-102.71.
Euro steadied as investors weighed political risks in France.
ECB policymaker Joachim Nagel said he did not see many reasons to cut interest rates further as services inflation remained high.
German business morale hit a 15-month high in August, echoing recent upbeat activity data and reducing pressure for further cuts this year.
GBPINR
SELL GBPINR SEP @ 118.6 SL 118.9 TGT 118.3-118.
Observations
GBPINR trading range for the day is 118.27-118.81.
GBP steadied spurred by investor worries over independence of Fed while traders also digested UK's producer price inflation data.
British services businesses reported another fall in confidence and activity this month.
British producer output price inflation rose to a two-year peak of 1.9% year-on-year in June, according to preliminary official data.
