SELL GBPINR AUG @ 118.25 SL 118.55 TGT 117.9-117.6. - Kedia Advisory
USDINR
SELL USDINR AUG @ 87.8 SL 87.95 TGT 87.6-87.45.
Observations
USDINR trading range for the day is 87.43-87.97.
Rupee remained weak amid steeper US tariffs on India and the outlook of a dovish RBI.
Trump announced a new tariff of 25% on Indian imports due to the continued buying and re-exporting of Russian oil.
consumer inflation fell to 1.55%, to surpass the lower bound of the RBI's inflation tolerance band of 2%
EURINR
SELL EURINR AUG @ 102.3 SL 102.6 TGT 102-101.
Observations
EURINR trading range for the day is 102.04-102.6.
Euro steadied as traders weighed economic, political, and monetary prospects.
ECB ended its current easing cycle in July after eight cuts over the past year
Risks persist as the EU faces 15% tariffs on most European goods exported to the US.
GBPINR
SELL GBPINR AUG @ 118.25 SL 118.55 TGT 117.9-117.6.
Observations
GBPINR trading range for the day is 117.72-118.38.
GBP steadied after UK payrolls fell just 8,000 in July, the smallest drop since January.
The number of employed people in the United Kingdom climbed by 238 thousand in the three months to June 2025.
UK retail sales rose 1.8% year-on-year on a like-for-like basis in July 2025, slowing from a 2.7% gain in June.
JPYINR
SELL JPYINR AUG @ 59.65 SL 59.85 TGT 59.45-59.25.
Observations
JPYINR trading range for the day is 59.32-60.1.
JPY gained on short covering after improving global trade prospects
Investors weighed the Bank of Japan’s policy outlook, with board members divided over the timing and pace of future rate hikes.
Markets are awaiting key data releases for further cues, including Q2 GDP, producer prices, and machine tool orders.
