Sell GBPINR AUG @ 129.2 SL 129.5 TGT 128.8-128.5 - Kedia Advisory
USDINR
SELL USDINR AUG @ 95.6 SL 95.8 TGT 95.4-95.2.
Observations
USDINR trading range for the day is 95.23-95.71.
Rupee steadied as investors turned cautious ahead of the Reserve Bank of India's policy decision
India's Manufacturing PMI eased to 53.5 in July 2026 from 54.2 in June, marking the weakest growth since August 2021.
Sentiment remained cautious after Trump said he was holding off on fresh attacks on Iran while talks continued, but Iran denied any negotiations were underway
EURINR
SELL EURINR AUG @ 110.3 SL 110.6 TGT 110-109.
Observations
EURINR trading range for the day is 109.72-110.66.
Euro gains as support seen amid improving global risk sentiment
Eurozone Manufacturing PMI rose to 51.9 in July 2026 from 51.4 in June, signaling the strongest improvement in factory conditions since April.
Germany Manufacturing PMI was confirmed at 52.2 in July 2026, the highest in four months, compared to 50.3 in June
GBPINR
SELL GBPINR AUG @ 129.2 SL 129.5 TGT 128.8-128.5.
Observations
GBPINR trading range for the day is 128.34-129.84.
GBP steadied as sentiment improved after oil prices fell on hopes of a US-Iran agreement to reopen the Strait of Hormuz.
BOE meeting reinforced expectations that policymakers are in no rush to tighten monetary policy, prompting markets to scale back bets on interest rate hikes in 2026.
UK Manufacturing PMI eased to 51.9 in July 2026, a four-month low, from 52.5 in June and below the preliminary estimate of 52.8.
JPYINR
SELL JPYINR AUG @ 60.7 SL 61 TGT 60.4-60.1.
Observations
JPYINR trading range for the day is 60.57-60.95.
JPY dropped on profit booking after support seen as signals of coordinated support from the US and Japan kept markets alert for further intervention.
showed Tokyo spent around ¥5.33 trillion during Friday’s operations, after reportedly carrying out a record single-day intervention worth ¥8.45 trillion a day earlier.
Japan has seen only moderate rises in consumer prices so far with the pass-through of higher costs from the Middle East conflict remaining limited.
