Sell EURINR SEP @ 104.4 SL 104.7 TGT 104.1-103.8. - Kedia Advisory
USDINR
BUY USDINR SEP @ 88.1 SL 87.9 TGT 88.3-88.45.
Observations
USDINR trading range for the day is 87.63-88.45.
Rupee weakened as investors digested the U.S. Federal Reserve's widely anticipated interest rate cut.
India's unemployment rate witnessed a decline, reaching 5.1% in August 2025
India's wholesale price index (WPI) inflation saw an increase in August, reaching 0.52 per cent year-on-year
EURINR
SELL EURINR SEP @ 104.4 SL 104.7 TGT 104.1-103.8.
Observations
EURINR trading range for the day is 103.78-104.72.
Euro steadied after the Fed delivered a quarter-point rate cut and signaled two more reductions this year.
The Eurozone’s current account surplus narrowed to EUR 35 billion in July 2025 from EUR 39.3 billion a year earlier.
Inflation in the Euro Area eased to 2.0% in August 2025, slightly below the preliminary estimate of 2.1%
GBPINR
SELL GBPINR SEP @ 120.3 SL 120.6 TGT 120-119.7.
Observations
GBPINR trading range for the day is 119.57-120.73.
GBP steadied as investors digested fresh central bank signals.
The Bank of England voted 7–2 to keep Bank Rate unchanged at 4%, with two members favoring a 25 bps cut to 3.75%.
British inflation running at an annual 3.8% in August.
JPYINR
SELL JPYINR SEP @ 60.2 SL 60.5 TGT 59.9-59.7.
Observations
JPYINR trading range for the day is 59.81-60.19.
JPY dropped as the dollar strengthened after the Federal Reserve’s latest policy decision.
Japan’s core machinery orders fell 4.6% month-over-month to ¥898 billion in July 2025, reversing a 3% increase in June.
Exports fell 0.1% in August, less than expected but still the fourth consecutive monthly decline.
