Sell GBPINR AUG @ 128.7 SL 129 TGT 128.4-128.1 - Kedia Advisory
USDINR
BUY USDINR AUG @ 95.1 SL 94.9 TGT 95.3-95.5.
Observations
USDINR trading range for the day is 95.05-95.55.
Rupee ended little changed as central bank intervention blunted pressure from higher oil prices.
India's economic growth may moderate in H2FY27, accelerate to 7.2% in FY28
India's services sector growth slowed significantly in July, reaching its weakest pace in over four years.
EURINR
SELL EURINR AUG @ 110.2 SL 110.5 TGT 109.9-109.6.
Observations
EURINR trading range for the day is 109.8-110.54.
Euro dropped as uncertainty surrounding the reopening of the Strait of Hormuz weighed on global sentiment.
Germany's trade surplus narrowed to €15.4 billion in June 2026 from an upwardly revised €19.3 billion in May, below estimates of €17.4 billion.
Germany's industrial production rose 0.2% month-on-month in June 2026, slowing from a revised 0.7% increase in May.
GBPINR
SELL GBPINR AUG @ 128.7 SL 129 TGT 128.4-128.1.
Observations
GBPINR trading range for the day is 128.51-128.87.
GBP steadied as investors awaited updates on a possible deal between Iran and Oman that could reopen the Strait of Hormuz.
The Lloyds House Price Index showed UK house prices rose 0.1% year-on-year in July 2026, slowing from a revised 0.7% increase in June.
UK Construction Purchasing Managers' Index (PMI) rose to 44.7 last month, from 38.4 in June, although that was still below the 50 threshold.
JPYINR
SELL JPYINR AUG @ 60.3 SL 60.5 TGT 60.1-59.9.
Observations
JPYINR trading range for the day is 60.15-60.47.
JPY dropped surrendering part of the gains sparked by the joint currency intervention by Tokyo and Washington
Japan’s foreign reserves fell by USD 0.38 billion to a sixteen-month low of USD 1.287 trillion at the end of July 2026 from USD 1.288 trillion in June.
Japan's household spending dropped 3.3% yoy in June 2026, deepening from a 0.4% decline in the prior month and defying market expectations for a 1.0% rise.
