IGI Logo

USDINR

SELL USDINR AUG @ 95.4 SL 95.6 TGT 95.2-95.2.

Observations

USDINR trading range for the day is 95.17-95.61.

Rupee ended modestly higher, wedged between anxiety over the Middle East conflict and the impact of persistent central bank intervention.

The currency came under pressure as uncertainty over the end of the US-Iran conflict drove oil prices higher.

The central bank has been selling dollars through state-run banks, with traders saying the rupee would likely have weakened further without the support.

EURINR

SELL EURINR AUG @ 110.3 SL 110.5 TGT 110-109.7.

Observations

EURINR trading range for the day is 109.99-110.45.

Euro steadied as investors remained cautious amid elevated oil prices and remained doubtful that an agreement to reopen the Hormuz could be reached.

Germany's annual inflation rate accelerated to 2.8% in July 2026, confirming preliminary estimates, up from 2.3% in June.

Investor morale in the euro zone returned to positive territory in August and rose for a fourth consecutive month.

GBPINR

SELL GBPINR AUG @ 129 SL 129.3 TGT 128.7-128.4.

Observations

GBPINR trading range for the day is 128.91-129.21.

GBP steadied as uncertainty ahead of important U.S. and British data releases kept traders on edge.

UK retail sales rose by 1% year-on-year on a like-for-like basis in July 2026, slowing from a 1.7% increase in the previous month.

UK Construction PMI rose to 44.7 in July of 2026 from 38.4 in the previous month, extending the rebound from the six-year low of 38.2 in May

JPYINR

SELL JPYINR AUG @ 60.3 SL 60.5 TGT 60.1-59.9.

Observations

JPYINR trading range for the day is 60.08-60.08.

JPY dropped as joint U.S.-Japan intervention failed to deliver a lasting boost

The Reuters Tankan index for Japanese manufacturers increased to +18 in August 2026 from +13 in the previous month, marking the highest reading since March

Japanese and U.S. authorities jointly stepped into the foreign exchange markets to lift the stubbornly weak Japanese currency.