Sell GBPINR AUG @ 130.6 SL 130.9 TGT 130.2-130 - kedia Advisory
USDINR
BUY USDINR AUG @ 95.6 SL 95.4 TGT 95.8-96.
Observations
USDINR trading range for the day is 95.44-95.78.
Rupee strengthened, recovering from a three-week low as RBI dollar-selling, a weaker dollar, and lower US Treasury yields supported the currency.
Hawkish RBI policy minutes signaled potential rate hikes toward a 6% neutral stance, with a move likely in December
RBI Governor said the central bank's net short forward-dollar position remains “very manageable,” as the RBI expects at least $80 billion in inflows from FCNR(B) deposits.
EURINR
SELL EURINR AUG @ 112 SL 112.3 TGT 111.7-111.4.
Observations
EURINR trading range for the day is 111.16-112.36.
Euro gained after the US Treasury raised its bond buyback limits and triggered a plunge in the dollar.
Euro Area's current account surplus widened to €46.9 billion in June 2026 from €37.6 billion a year earlier.
Eurozone annual inflation accelerated to 2.9% in July 2026, in line with flash estimates, up from 2.8% in June
GBPINR
SELL GBPINR AUG @ 130.6 SL 130.9 TGT 130.2-130.
Observations
GBPINR trading range for the day is 129.7-131.2.
GBP gained as investors assessed the latest UK inflation and labour-market data.
UK regular pay, increased 3.5% year-on-year to GBP 703 per week in the three months to June 2026, following growth in the previous two periods of 3.4%
Factory gate prices for UK-manufactured goods advanced 3.1% year-on-year in July 2026, slowing from a 3.5% increase in June
