Sell GBPINR AUG @ 128.6 SL 128.9 TGT 128.3-128 - Kedia Advisory
USDINR
SELL USDINR AUG @ 95.9 SL 96.1 TGT 95.7-95.5.
Observations
USDINR trading range for the day is 95.36-95.82.
Rupee extending gains for a fifth consecutive session to a three-week high as the greenback weakened and crude oil prices continued to retreat.
The currency remained supported by persistent intervention from the Reserve Bank of India, with traders pointing to continued dollar sales.
Market participants cautioned that further appreciation could remain limited if oil prices rebound amid ongoing tensions between the US and Iran.
EURINR
SELL EURINR AUG @ 110.2 SL 110.5 TGT 109.9-109.6.
Observations
EURINR trading range for the day is 109.85-110.35.
Euro gains supported by stronger-than-expected eurozone economic data.
Euro zone economy expanded by 0.4% in the Q2, surpassing forecasts of 0.2% and marking its fastest growth since early 2025.
Inflation accelerated across the euro area's largest economies in July, reinforcing concerns that higher energy costs could spill over into services and core prices.
GBPINR
SELL GBPINR AUG @ 128.6 SL 128.9 TGT 128.3-128.
Observations
GBPINR trading range for the day is 128.61-129.07.
GBP gains supported by investors reassessing the BOE's July decision and by fading political uncertainty in the UK
British businesses turned more confident about the economic outlook earlier this month, reflecting a brief fall in energy prices.
The UK Nationwide House Price Index rose 1.8% year-on-year in July 2026, slowing from a 2.2% increase in June.
JPYINR
SELL JPYINR AUG @ 59.5 SL 59.7 TGT 59.3-59.1.
Observations
JPYINR trading range for the day is 59.32-60.3.
JPY gains as BOJ kept its short-term policy rate unchanged at 1.0%, leaving borrowing costs at their highest level since September 1995.
Retail sales in Japan rose 0.5% year-on-year in June 2026, slowing sharply from a downwardly revised 5.0% increase in the previous month.
Japan’s industrial production rose 1.3% month-over-month in June 2026, picking up from a 0.1% increase in the previous month.
